This property might be a fair Mid-Term investment with a projected 6.4% first-year return on $77,829 initial cash invested.
6.4%
Cash On Cash
9.02%
Cap Rate
1.34
DSCR
$3,358
Rent
$415
Cashflow
Cash Flow
$3,358 income − $2,943 expenses = $415 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$2,943
Mortgage P&I
47%
$1,593
Property Taxes
3%
$109
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369