This property might be a fair Mid-Term investment with a projected 6.09% first-year return on $74,700 initial cash invested.
6.09%
Cash On Cash
8.65%
Cap Rate
1.36
DSCR
$3,412
Rent
$379
Cashflow
Cash Flow
$3,412 income − $3,033 expenses = $379 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,412
Total Expenses
$3,033
Mortgage P&I
42%
$1,431
Property Taxes
10%
$350
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375