This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $90,660 initial cash invested.
3.11%
Cash On Cash
7.9%
Cap Rate
1.21
DSCR
$3,990
Rent
$235
Cashflow
Cash Flow
$3,990 income − $3,755 expenses = $235 cash flow
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$3,755
Mortgage P&I
47%
$1,882
Property Taxes
10%
$393
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439