This property might be a fair Mid-Term investment with a projected 2.99% first-year return on $74,994 initial cash invested.
2.99%
Cash On Cash
8.24%
Cap Rate
1.2
DSCR
$2,950
Rent
$187
Cashflow
Cash Flow
$2,950 income − $2,763 expenses = $187 cash flow
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,994
Downpayment
20%
$54,280
Closing costs
1%
$2,714
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,950
Total Expenses
$2,763
Mortgage P&I
53%
$1,559
Property Taxes
4%
$106
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324