This property might be a fair Mid-Term investment with a projected 2.35% first-year return on $75,477 initial cash invested.
2.35%
Cash On Cash
7.25%
Cap Rate
1.2
DSCR
$3,048
Rent
$148
Cashflow
Cash Flow
$3,048 income − $2,900 expenses = $148 cash flow
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$2,900
Mortgage P&I
45%
$1,383
Property Taxes
13%
$385
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335