This property might be a fair Mid-Term investment with a projected 5.75% first-year return on $73,104 initial cash invested.
5.75%
Cash On Cash
8.41%
Cap Rate
1.34
DSCR
$3,034
Rent
$350
Cashflow
Cash Flow
$3,034 income − $2,684 expenses = $350 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,104
Downpayment
20%
$52,480
Closing costs
1%
$2,624
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,034
Total Expenses
$2,684
Mortgage P&I
45%
$1,369
Property Taxes
6%
$186
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334