This property could be a profitable Mid-Term investment with a projected 11.3% first-year return on $78,879 initial cash invested.
11.3%
Cash On Cash
10.05%
Cap Rate
1.58
DSCR
$3,735
Rent
$743
Cashflow
Cash Flow
$3,735 income − $2,992 expenses = $743 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,735
Total Expenses
$2,992
Mortgage P&I
41%
$1,536
Property Taxes
2%
$85
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411