This property might be a fair Mid-Term investment with a projected 2.08% first-year return on $72,600 initial cash invested.
2.08%
Cash On Cash
7.85%
Cap Rate
1.16
DSCR
$2,764
Rent
$126
Cashflow
Cash Flow
$2,764 income − $2,638 expenses = $126 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,764
Total Expenses
$2,638
Mortgage P&I
53%
$1,463
Property Taxes
5%
$143
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304