This property might be a fair Mid-Term investment with a projected 3.04% first-year return on $75,120 initial cash invested.
3.04%
Cash On Cash
7.75%
Cap Rate
1.21
DSCR
$2,775
Rent
$190
Cashflow
Cash Flow
$2,775 income − $2,585 expenses = $190 cash flow
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,120
Downpayment
20%
$54,400
Closing costs
1%
$2,720
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,775
Total Expenses
$2,585
Mortgage P&I
52%
$1,456
Property Taxes
3%
$91
Home Insurance
3%
$95
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305