This property might be a fair Mid-Term investment with a projected 2.98% first-year return on $74,868 initial cash invested.
2.98%
Cash On Cash
7.88%
Cap Rate
1.2
DSCR
$2,880
Rent
$186
Cashflow
Cash Flow
$2,880 income − $2,694 expenses = $186 cash flow
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,868
Downpayment
20%
$54,160
Closing costs
1%
$2,708
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,880
Total Expenses
$2,694
Mortgage P&I
51%
$1,478
Property Taxes
5%
$148
Home Insurance
3%
$89
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317