This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $79,509 initial cash invested.
2.96%
Cash On Cash
7.51%
Cap Rate
1.22
DSCR
$3,480
Rent
$196
Cashflow
Cash Flow
$3,480 income − $3,284 expenses = $196 cash flow
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,509
Downpayment
20%
$58,580
Closing costs
1%
$2,929
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$3,284
Mortgage P&I
43%
$1,497
Property Taxes
14%
$499
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383