This property might be a fair Mid-Term investment with a projected 8.7% first-year return on $89,232 initial cash invested.
8.7%
Cash On Cash
8.89%
Cap Rate
1.47
DSCR
$4,041
Rent
$647
Cashflow
Cash Flow
$4,041 income − $3,394 expenses = $647 cash flow
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,232
Downpayment
20%
$67,840
Closing costs
1%
$3,392
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,041
Total Expenses
$3,394
Mortgage P&I
42%
$1,705
Property Taxes
5%
$192
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445