This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $72,768 initial cash invested.
2.8%
Cash On Cash
7.88%
Cap Rate
1.2
DSCR
$2,764
Rent
$170
Cashflow
Cash Flow
$2,764 income − $2,594 expenses = $170 cash flow
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,764
Total Expenses
$2,594
Mortgage P&I
52%
$1,432
Property Taxes
5%
$130
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304