This property might be a fair Mid-Term investment with a projected 6.2% first-year return on $72,579 initial cash invested.
6.2%
Cash On Cash
8.79%
Cap Rate
1.36
DSCR
$3,318
Rent
$375
Cashflow
Cash Flow
$3,318 income − $2,943 expenses = $375 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,318
Total Expenses
$2,943
Mortgage P&I
42%
$1,396
Property Taxes
10%
$327
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365