This property might be a fair Mid-Term investment with a projected 1.8% first-year return on $77,850 initial cash invested.
1.8%
Cash On Cash
7.48%
Cap Rate
1.15
DSCR
$2,906
Rent
$117
Cashflow
Cash Flow
$2,906 income − $2,789 expenses = $117 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,906
Total Expenses
$2,789
Mortgage P&I
53%
$1,544
Property Taxes
5%
$157
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320