This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $74,847 initial cash invested.
2.97%
Cash On Cash
7.39%
Cap Rate
1.22
DSCR
$2,787
Rent
$185
Cashflow
Cash Flow
$2,787 income − $2,602 expenses = $185 cash flow
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,847
Downpayment
20%
$54,140
Closing costs
1%
$2,707
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$2,602
Mortgage P&I
49%
$1,371
Property Taxes
7%
$184
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307