This property might be a fair Mid-Term investment with a projected 2.7% first-year return on $76,506 initial cash invested.
2.7%
Cash On Cash
7.41%
Cap Rate
1.2
DSCR
$2,922
Rent
$172
Cashflow
Cash Flow
$2,922 income − $2,750 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,506
Downpayment
20%
$55,720
Closing costs
1%
$2,786
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$2,750
Mortgage P&I
49%
$1,431
Property Taxes
8%
$227
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321