This property might be a fair Mid-Term investment with a projected 6.45% first-year return on $72,579 initial cash invested.
6.45%
Cash On Cash
8.45%
Cap Rate
1.39
DSCR
$2,974
Rent
$390
Cashflow
Cash Flow
$2,974 income − $2,584 expenses = $390 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$2,584
Mortgage P&I
44%
$1,322
Property Taxes
5%
$139
Home Insurance
3%
$91
HOA
1%
$21
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327