This property might be a fair Mid-Term investment with a projected 1.24% first-year return on $77,430 initial cash invested.
1.24%
Cash On Cash
7.45%
Cap Rate
1.12
DSCR
$2,826
Rent
$80
Cashflow
Cash Flow
$2,826 income − $2,746 expenses = $80 cash flow
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$2,746
Mortgage P&I
55%
$1,565
Property Taxes
4%
$127
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311