This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $80,748 initial cash invested.
2.6%
Cash On Cash
7.9%
Cap Rate
1.19
DSCR
$3,322
Rent
$175
Cashflow
Cash Flow
$3,322 income − $3,147 expenses = $175 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,748
Downpayment
20%
$59,760
Closing costs
1%
$2,988
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$3,147
Mortgage P&I
50%
$1,658
Property Taxes
7%
$231
Home Insurance
3%
$105
HOA
1%
$23
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365