This property might be a fair Mid-Term investment with a projected 4.7% first-year return on $76,590 initial cash invested.
4.7%
Cash On Cash
8.49%
Cap Rate
1.28
DSCR
$3,370
Rent
$300
Cashflow
Cash Flow
$3,370 income − $3,070 expenses = $300 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,370
Total Expenses
$3,070
Mortgage P&I
46%
$1,538
Property Taxes
9%
$288
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371