This property might be a fair Mid-Term investment with a projected 1.06% first-year return on $78,900 initial cash invested.
1.06%
Cash On Cash
7.44%
Cap Rate
1.12
DSCR
$3,051
Rent
$70
Cashflow
Cash Flow
$3,051 income − $2,981 expenses = $70 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,051
Total Expenses
$2,981
Mortgage P&I
53%
$1,605
Property Taxes
8%
$238
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336