This property might be a fair Mid-Term investment with a projected 8.79% first-year return on $91,500 initial cash invested.
8.79%
Cash On Cash
9.63%
Cap Rate
1.45
DSCR
$5,103
Rent
$670
Cashflow
Cash Flow
$5,103 income − $4,433 expenses = $670 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,103
Total Expenses
$4,433
Mortgage P&I
38%
$1,934
Property Taxes
13%
$643
Home Insurance
2%
$122
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561