This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $74,679 initial cash invested.
3.52%
Cash On Cash
7.6%
Cap Rate
1.24
DSCR
$2,780
Rent
$219
Cashflow
Cash Flow
$2,780 income − $2,561 expenses = $219 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$2,561
Mortgage P&I
50%
$1,379
Property Taxes
5%
$143
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306