This property might be a fair Mid-Term investment with a projected 2.59% first-year return on $78,900 initial cash invested.
2.59%
Cash On Cash
7.89%
Cap Rate
1.19
DSCR
$3,495
Rent
$170
Cashflow
Cash Flow
$3,495 income − $3,325 expenses = $170 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$3,325
Mortgage P&I
46%
$1,596
Property Taxes
13%
$439
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384