This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $76,695 initial cash invested.
2.93%
Cash On Cash
7.81%
Cap Rate
1.2
DSCR
$2,898
Rent
$187
Cashflow
Cash Flow
$2,898 income − $2,711 expenses = $187 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$2,711
Mortgage P&I
52%
$1,517
Property Taxes
4%
$107
Home Insurance
3%
$101
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319