This property might be a fair Mid-Term investment with a projected 2.62% first-year return on $89,400 initial cash invested.
2.62%
Cash On Cash
7.69%
Cap Rate
1.18
DSCR
$3,513
Rent
$195
Cashflow
Cash Flow
$3,513 income − $3,318 expenses = $195 cash flow
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,513
Total Expenses
$3,318
Mortgage P&I
52%
$1,844
Property Taxes
5%
$160
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$386