This property might be a fair Mid-Term investment with a projected 2.27% first-year return on $78,753 initial cash invested.
2.27%
Cash On Cash
7.63%
Cap Rate
1.18
DSCR
$3,123
Rent
$149
Cashflow
Cash Flow
$3,123 income − $2,974 expenses = $149 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$2,974
Mortgage P&I
50%
$1,565
Property Taxes
8%
$241
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344