This property might be a fair Mid-Term investment with a projected 1% first-year return on $80,664 initial cash invested.
1%
Cash On Cash
6.91%
Cap Rate
1.13
DSCR
$3,130
Rent
$67
Cashflow
Cash Flow
$3,130 income − $3,063 expenses = $67 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$3,063
Mortgage P&I
49%
$1,527
Property Taxes
12%
$369
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344