This property might be a fair Mid-Term investment with a projected 2.95% first-year return on $79,845 initial cash invested.
2.95%
Cash On Cash
7.89%
Cap Rate
1.2
DSCR
$3,261
Rent
$196
Cashflow
Cash Flow
$3,261 income − $3,065 expenses = $196 cash flow
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,261
Total Expenses
$3,065
Mortgage P&I
49%
$1,610
Property Taxes
7%
$214
Home Insurance
3%
$104
HOA
1%
$29
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359