This property might be a fair Mid-Term investment with a projected 2.09% first-year return on $79,404 initial cash invested.
2.09%
Cash On Cash
7.72%
Cap Rate
1.16
DSCR
$2,990
Rent
$138
Cashflow
Cash Flow
$2,990 income − $2,852 expenses = $138 cash flow
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$2,852
Mortgage P&I
54%
$1,623
Property Taxes
4%
$117
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329