This property might be a fair Mid-Term investment with a projected 6.73% first-year return on $73,440 initial cash invested.
6.73%
Cash On Cash
8.58%
Cap Rate
1.39
DSCR
$3,004
Rent
$412
Cashflow
Cash Flow
$3,004 income − $2,592 expenses = $412 cash flow
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,440
Downpayment
20%
$52,800
Closing costs
1%
$2,640
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$2,592
Mortgage P&I
45%
$1,355
Property Taxes
4%
$123
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330