This property might be a fair Mid-Term investment with a projected 3.09% first-year return on $78,942 initial cash invested.
3.09%
Cash On Cash
7.8%
Cap Rate
1.22
DSCR
$3,332
Rent
$203
Cashflow
Cash Flow
$3,332 income − $3,129 expenses = $203 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$3,129
Mortgage P&I
47%
$1,550
Property Taxes
10%
$327
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367