This property might be a fair Mid-Term investment with a projected 3.22% first-year return on $78,354 initial cash invested.
3.22%
Cash On Cash
7.85%
Cap Rate
1.21
DSCR
$2,994
Rent
$210
Cashflow
Cash Flow
$2,994 income − $2,784 expenses = $210 cash flow
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,354
Downpayment
20%
$57,480
Closing costs
1%
$2,874
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,994
Total Expenses
$2,784
Mortgage P&I
52%
$1,549
Property Taxes
3%
$98
Home Insurance
3%
$101
HOA
1%
$18
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329