This property might be a fair Mid-Term investment with a projected 3.53% first-year return on $76,590 initial cash invested.
3.53%
Cash On Cash
8.1%
Cap Rate
1.22
DSCR
$2,896
Rent
$225
Cashflow
Cash Flow
$2,896 income − $2,671 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$2,671
Mortgage P&I
53%
$1,543
Property Taxes
2%
$44
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319