This property might be a fair Mid-Term investment with a projected 3% first-year return on $82,048 initial cash invested.
3%
Cash On Cash
7.6%
Cap Rate
1.2
DSCR
$3,060
Rent
$205
Cashflow
Cash Flow
$3,060 income − $2,855 expenses = $205 cash flow
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,048
Downpayment
20%
$60,998
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$2,855
Mortgage P&I
52%
$1,604
Property Taxes
3%
$104
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337