This property might be a fair Mid-Term investment with a projected 3.29% first-year return on $78,690 initial cash invested.
3.29%
Cash On Cash
7.93%
Cap Rate
1.22
DSCR
$3,170
Rent
$216
Cashflow
Cash Flow
$3,170 income − $2,954 expenses = $216 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,170
Total Expenses
$2,954
Mortgage P&I
49%
$1,567
Property Taxes
7%
$208
Home Insurance
3%
$101
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349