This property might be a fair Mid-Term investment with a projected 6.47% first-year return on $79,005 initial cash invested.
6.47%
Cash On Cash
8.83%
Cap Rate
1.37
DSCR
$3,908
Rent
$426
Cashflow
Cash Flow
$3,908 income − $3,482 expenses = $426 cash flow
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,908
Total Expenses
$3,482
Mortgage P&I
40%
$1,556
Property Taxes
13%
$521
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430