This property might be a fair Mid-Term investment with a projected 3.42% first-year return on $78,900 initial cash invested.
3.42%
Cash On Cash
8.03%
Cap Rate
1.22
DSCR
$3,138
Rent
$225
Cashflow
Cash Flow
$3,138 income − $2,913 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,138
Total Expenses
$2,913
Mortgage P&I
51%
$1,589
Property Taxes
5%
$154
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345