This property might be a fair Mid-Term investment with a projected 2.2% first-year return on $82,932 initial cash invested.
2.2%
Cash On Cash
7.28%
Cap Rate
1.17
DSCR
$2,973
Rent
$152
Cashflow
Cash Flow
$2,973 income − $2,821 expenses = $152 cash flow
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$2,821
Mortgage P&I
54%
$1,605
Property Taxes
3%
$95
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327