This property might be a fair Mid-Term investment with a projected 2.37% first-year return on $77,829 initial cash invested.
2.37%
Cash On Cash
7.25%
Cap Rate
1.19
DSCR
$2,928
Rent
$154
Cashflow
Cash Flow
$2,928 income − $2,774 expenses = $154 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$2,774
Mortgage P&I
50%
$1,450
Property Taxes
8%
$229
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322