This property might be a fair Mid-Term investment with a projected 8.79% first-year return on $80,790 initial cash invested.
8.79%
Cash On Cash
9.62%
Cap Rate
1.46
DSCR
$3,974
Rent
$592
Cashflow
Cash Flow
$3,974 income − $3,382 expenses = $592 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,974
Total Expenses
$3,382
Mortgage P&I
41%
$1,647
Property Taxes
6%
$244
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437