This property might be a fair Mid-Term investment with a projected 6.51% first-year return on $78,585 initial cash invested.
6.51%
Cash On Cash
8.78%
Cap Rate
1.37
DSCR
$3,524
Rent
$426
Cashflow
Cash Flow
$3,524 income − $3,098 expenses = $426 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,585
Downpayment
20%
$57,700
Closing costs
1%
$2,885
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$3,098
Mortgage P&I
44%
$1,543
Property Taxes
7%
$251
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388