This property might be a fair Mid-Term investment with a projected 2.65% first-year return on $80,979 initial cash invested.
2.65%
Cash On Cash
7.29%
Cap Rate
1.2
DSCR
$3,060
Rent
$179
Cashflow
Cash Flow
$3,060 income − $2,881 expenses = $179 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$2,881
Mortgage P&I
50%
$1,520
Property Taxes
7%
$216
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337