This property might be a fair Mid-Term investment with a projected 1.4% first-year return on $74,700 initial cash invested.
1.4%
Cash On Cash
7.01%
Cap Rate
1.14
DSCR
$2,604
Rent
$87
Cashflow
Cash Flow
$2,604 income − $2,517 expenses = $87 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,517
Mortgage P&I
53%
$1,386
Property Taxes
6%
$153
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286