This property might be a fair Mid-Term investment with a projected 8.14% first-year return on $78,690 initial cash invested.
8.14%
Cash On Cash
9.44%
Cap Rate
1.43
DSCR
$3,870
Rent
$534
Cashflow
Cash Flow
$3,870 income − $3,336 expenses = $534 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,870
Total Expenses
$3,336
Mortgage P&I
41%
$1,584
Property Taxes
9%
$335
Home Insurance
3%
$101
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426