This property might be a fair Mid-Term investment with a projected 2.55% first-year return on $80,790 initial cash invested.
2.55%
Cash On Cash
7.65%
Cap Rate
1.18
DSCR
$3,057
Rent
$172
Cashflow
Cash Flow
$3,057 income − $2,885 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,057
Total Expenses
$2,885
Mortgage P&I
53%
$1,613
Property Taxes
4%
$128
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336