This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $76,401 initial cash invested.
2.36%
Cash On Cash
7.7%
Cap Rate
1.18
DSCR
$2,998
Rent
$150
Cashflow
Cash Flow
$2,998 income − $2,848 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$2,848
Mortgage P&I
51%
$1,515
Property Taxes
7%
$202
Home Insurance
3%
$103
HOA
0%
$8
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330