This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $90,009 initial cash invested.
3.4%
Cash On Cash
7.47%
Cap Rate
1.22
DSCR
$3,278
Rent
$255
Cashflow
Cash Flow
$3,278 income − $3,023 expenses = $255 cash flow
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,009
Downpayment
20%
$68,580
Closing costs
1%
$3,429
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,278
Total Expenses
$3,023
Mortgage P&I
53%
$1,748
Property Taxes
1%
$39
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361