This property might be a fair Mid-Term investment with a projected 2.87% first-year return on $80,181 initial cash invested.
2.87%
Cash On Cash
7.4%
Cap Rate
1.21
DSCR
$2,997
Rent
$192
Cashflow
Cash Flow
$2,997 income − $2,805 expenses = $192 cash flow
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$2,805
Mortgage P&I
51%
$1,514
Property Taxes
6%
$166
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330