This property might be a fair Mid-Term investment with a projected 2.4% first-year return on $77,934 initial cash invested.
2.4%
Cash On Cash
7.66%
Cap Rate
1.19
DSCR
$3,345
Rent
$156
Cashflow
Cash Flow
$3,345 income − $3,189 expenses = $156 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,934
Downpayment
20%
$57,080
Closing costs
1%
$2,854
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,345
Total Expenses
$3,189
Mortgage P&I
46%
$1,532
Property Taxes
13%
$418
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368