This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $79,950 initial cash invested.
2.93%
Cash On Cash
7.69%
Cap Rate
1.21
DSCR
$3,237
Rent
$195
Cashflow
Cash Flow
$3,237 income − $3,042 expenses = $195 cash flow
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,237
Total Expenses
$3,042
Mortgage P&I
48%
$1,567
Property Taxes
8%
$273
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356