This property might be a fair Mid-Term investment with a projected 3.33% first-year return on $91,479 initial cash invested.
3.33%
Cash On Cash
8.04%
Cap Rate
1.21
DSCR
$3,704
Rent
$254
Cashflow
Cash Flow
$3,704 income − $3,450 expenses = $254 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,704
Total Expenses
$3,450
Mortgage P&I
52%
$1,942
Property Taxes
3%
$128
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407