This property might be a fair Mid-Term investment with a projected 0.9% first-year return on $79,635 initial cash invested.
0.9%
Cash On Cash
7.07%
Cap Rate
1.11
DSCR
$2,800
Rent
$60
Cashflow
Cash Flow
$2,800 income − $2,740 expenses = $60 cash flow
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,635
Downpayment
20%
$58,700
Closing costs
1%
$2,935
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$2,740
Mortgage P&I
56%
$1,556
Property Taxes
5%
$127
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308