This property might be a fair Mid-Term investment with a projected 8.95% first-year return on $72,915 initial cash invested.
8.95%
Cash On Cash
9.64%
Cap Rate
1.48
DSCR
$3,540
Rent
$544
Cashflow
Cash Flow
$3,540 income − $2,996 expenses = $544 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,915
Downpayment
20%
$52,300
Closing costs
1%
$2,615
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,540
Total Expenses
$2,996
Mortgage P&I
40%
$1,415
Property Taxes
8%
$285
Home Insurance
3%
$92
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389