This property might be a fair Mid-Term investment with a projected 2.91% first-year return on $98,535 initial cash invested.
2.91%
Cash On Cash
7.29%
Cap Rate
1.19
DSCR
$3,531
Rent
$239
Cashflow
Cash Flow
$3,531 income − $3,292 expenses = $239 cash flow
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$3,292
Mortgage P&I
55%
$1,950
Property Taxes
0%
$4
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388