This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $74,700 initial cash invested.
6.41%
Cash On Cash
8.99%
Cap Rate
1.36
DSCR
$3,282
Rent
$399
Cashflow
Cash Flow
$3,282 income − $2,883 expenses = $399 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,282
Total Expenses
$2,883
Mortgage P&I
45%
$1,492
Property Taxes
5%
$180
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361