This property might be a fair Mid-Term investment with a projected 3% first-year return on $72,411 initial cash invested.
3%
Cash On Cash
8.3%
Cap Rate
1.2
DSCR
$2,966
Rent
$181
Cashflow
Cash Flow
$2,966 income − $2,785 expenses = $181 cash flow
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,411
Downpayment
20%
$51,820
Closing costs
1%
$2,591
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,966
Total Expenses
$2,785
Mortgage P&I
50%
$1,493
Property Taxes
6%
$190
Home Insurance
3%
$91
HOA
0%
$2
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326