This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $86,019 initial cash invested.
3.1%
Cash On Cash
7.62%
Cap Rate
1.22
DSCR
$3,560
Rent
$222
Cashflow
Cash Flow
$3,560 income − $3,338 expenses = $222 cash flow
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,019
Downpayment
20%
$64,780
Closing costs
1%
$3,239
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,560
Total Expenses
$3,338
Mortgage P&I
48%
$1,693
Property Taxes
9%
$319
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392