This property might be a fair Mid-Term investment with a projected 8.67% first-year return on $74,994 initial cash invested.
8.67%
Cash On Cash
9.09%
Cap Rate
1.48
DSCR
$3,216
Rent
$542
Cashflow
Cash Flow
$3,216 income − $2,674 expenses = $542 cash flow
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,216
Total Expenses
$2,674
Mortgage P&I
43%
$1,385
Property Taxes
3%
$99
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354