This property might be a fair Mid-Term investment with a projected 5% first-year return on $76,590 initial cash invested.
5%
Cash On Cash
8.13%
Cap Rate
1.32
DSCR
$3,570
Rent
$319
Cashflow
Cash Flow
$3,570 income − $3,251 expenses = $319 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,570
Total Expenses
$3,251
Mortgage P&I
40%
$1,429
Property Taxes
14%
$510
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393