This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $93,180 initial cash invested.
2.23%
Cash On Cash
7.52%
Cap Rate
1.17
DSCR
$3,908
Rent
$173
Cashflow
Cash Flow
$3,908 income − $3,735 expenses = $173 cash flow
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,908
Total Expenses
$3,735
Mortgage P&I
49%
$1,913
Property Taxes
9%
$365
Home Insurance
3%
$129
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430