This property could be a profitable Mid-Term investment with a projected 10.76% first-year return on $74,700 initial cash invested.
10.76%
Cash On Cash
9.75%
Cap Rate
1.58
DSCR
$3,430
Rent
$670
Cashflow
Cash Flow
$3,430 income − $2,760 expenses = $670 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,430
Total Expenses
$2,760
Mortgage P&I
40%
$1,386
Property Taxes
3%
$114
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377