This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $73,251 initial cash invested.
2.85%
Cash On Cash
7.38%
Cap Rate
1.21
DSCR
$2,574
Rent
$174
Cashflow
Cash Flow
$2,574 income − $2,400 expenses = $174 cash flow
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$2,400
Mortgage P&I
52%
$1,342
Property Taxes
4%
$90
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283