This property might be a fair Mid-Term investment with a projected 3.72% first-year return on $76,800 initial cash invested.
3.72%
Cash On Cash
8.17%
Cap Rate
1.23
DSCR
$3,100
Rent
$238
Cashflow
Cash Flow
$3,100 income − $2,862 expenses = $238 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$2,862
Mortgage P&I
50%
$1,544
Property Taxes
5%
$166
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341