This property might be a fair Mid-Term investment with a projected 1.12% first-year return on $77,388 initial cash invested.
1.12%
Cash On Cash
7.2%
Cap Rate
1.13
DSCR
$2,988
Rent
$72
Cashflow
Cash Flow
$2,988 income − $2,916 expenses = $72 cash flow
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,388
Downpayment
20%
$56,560
Closing costs
1%
$2,828
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$2,916
Mortgage P&I
50%
$1,505
Property Taxes
9%
$281
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329