This property might be a fair Mid-Term investment with a projected 2.31% first-year return on $78,942 initial cash invested.
2.31%
Cash On Cash
7.35%
Cap Rate
1.18
DSCR
$2,954
Rent
$152
Cashflow
Cash Flow
$2,954 income − $2,802 expenses = $152 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,954
Total Expenses
$2,802
Mortgage P&I
51%
$1,507
Property Taxes
6%
$183
Home Insurance
4%
$105
HOA
0%
$3
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325