This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $75,477 initial cash invested.
2.85%
Cash On Cash
7.89%
Cap Rate
1.2
DSCR
$3,012
Rent
$179
Cashflow
Cash Flow
$3,012 income − $2,833 expenses = $179 cash flow
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,012
Total Expenses
$2,833
Mortgage P&I
50%
$1,500
Property Taxes
7%
$215
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331