This property might be a fair Mid-Term investment with a projected 8.56% first-year return on $78,921 initial cash invested.
8.56%
Cash On Cash
9.52%
Cap Rate
1.44
DSCR
$3,606
Rent
$563
Cashflow
Cash Flow
$3,606 income − $3,043 expenses = $563 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,921
Downpayment
20%
$58,020
Closing costs
1%
$2,901
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$3,043
Mortgage P&I
44%
$1,594
Property Taxes
3%
$120
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397