This property might be a fair Mid-Term investment with a projected 8.66% first-year return on $80,790 initial cash invested.
8.66%
Cash On Cash
9.32%
Cap Rate
1.46
DSCR
$3,714
Rent
$583
Cashflow
Cash Flow
$3,714 income − $3,131 expenses = $583 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$3,131
Mortgage P&I
43%
$1,591
Property Taxes
5%
$171
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409