This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $79,761 initial cash invested.
2.63%
Cash On Cash
7.75%
Cap Rate
1.19
DSCR
$3,104
Rent
$175
Cashflow
Cash Flow
$3,104 income − $2,929 expenses = $175 cash flow
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,761
Downpayment
20%
$58,820
Closing costs
1%
$2,941
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$2,929
Mortgage P&I
52%
$1,600
Property Taxes
5%
$170
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341