This property might be a fair Mid-Term investment with a projected 8.9% first-year return on $78,480 initial cash invested.
8.9%
Cash On Cash
9.25%
Cap Rate
1.49
DSCR
$3,800
Rent
$582
Cashflow
Cash Flow
$3,800 income − $3,218 expenses = $582 cash flow
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,480
Downpayment
20%
$57,600
Closing costs
1%
$2,880
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,800
Total Expenses
$3,218
Mortgage P&I
39%
$1,487
Property Taxes
9%
$336
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418