This property might be a fair Mid-Term investment with a projected 4.18% first-year return on $77,514 initial cash invested.
4.18%
Cash On Cash
8.07%
Cap Rate
1.26
DSCR
$3,050
Rent
$270
Cashflow
Cash Flow
$3,050 income − $2,780 expenses = $270 cash flow
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,514
Downpayment
20%
$56,680
Closing costs
1%
$2,834
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,050
Total Expenses
$2,780
Mortgage P&I
50%
$1,513
Property Taxes
4%
$119
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336