This property might be a fair Mid-Term investment with a projected 3.33% first-year return on $78,890 initial cash invested.
3.33%
Cash On Cash
7.93%
Cap Rate
1.22
DSCR
$3,249
Rent
$219
Cashflow
Cash Flow
$3,249 income − $3,030 expenses = $219 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,890
Downpayment
20%
$57,990
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,030
Mortgage P&I
48%
$1,566
Property Taxes
8%
$258
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357