This property might be a fair Mid-Term investment with a projected 1% first-year return on $76,800 initial cash invested.
1%
Cash On Cash
7.36%
Cap Rate
1.12
DSCR
$2,871
Rent
$64
Cashflow
Cash Flow
$2,871 income − $2,807 expenses = $64 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,871
Total Expenses
$2,807
Mortgage P&I
54%
$1,538
Property Taxes
7%
$194
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316