This property might be a fair Mid-Term investment with a projected 6.85% first-year return on $72,852 initial cash invested.
6.85%
Cash On Cash
9.02%
Cap Rate
1.4
DSCR
$3,542
Rent
$416
Cashflow
Cash Flow
$3,542 income − $3,126 expenses = $416 cash flow
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,852
Downpayment
20%
$52,240
Closing costs
1%
$2,612
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,542
Total Expenses
$3,126
Mortgage P&I
40%
$1,406
Property Taxes
11%
$403
Home Insurance
3%
$94
HOA
1%
$18
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390