This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $80,790 initial cash invested.
2.23%
Cash On Cash
7.72%
Cap Rate
1.17
DSCR
$3,134
Rent
$150
Cashflow
Cash Flow
$3,134 income − $2,984 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$2,984
Mortgage P&I
53%
$1,649
Property Taxes
5%
$165
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345