This property might be a fair Mid-Term investment with a projected 2.92% first-year return on $76,443 initial cash invested.
2.92%
Cash On Cash
7.75%
Cap Rate
1.2
DSCR
$2,838
Rent
$186
Cashflow
Cash Flow
$2,838 income − $2,652 expenses = $186 cash flow
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,443
Downpayment
20%
$55,660
Closing costs
1%
$2,783
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$2,652
Mortgage P&I
53%
$1,498
Property Taxes
3%
$90
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312