This property might be a fair Mid-Term investment with a projected 3.67% first-year return on $78,900 initial cash invested.
3.67%
Cash On Cash
7.6%
Cap Rate
1.24
DSCR
$2,856
Rent
$241
Cashflow
Cash Flow
$2,856 income − $2,615 expenses = $241 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,856
Total Expenses
$2,615
Mortgage P&I
52%
$1,481
Property Taxes
2%
$61
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314