This property might be a fair Mid-Term investment with a projected 3.26% first-year return on $78,711 initial cash invested.
3.26%
Cash On Cash
7.87%
Cap Rate
1.22
DSCR
$3,248
Rent
$214
Cashflow
Cash Flow
$3,248 income − $3,034 expenses = $214 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,711
Downpayment
20%
$57,820
Closing costs
1%
$2,891
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,248
Total Expenses
$3,034
Mortgage P&I
48%
$1,553
Property Taxes
8%
$261
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357