This property might be a fair Mid-Term investment with a projected 4.92% first-year return on $83,121 initial cash invested.
4.92%
Cash On Cash
8.47%
Cap Rate
1.28
DSCR
$3,500
Rent
$341
Cashflow
Cash Flow
$3,500 income − $3,159 expenses = $341 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,121
Downpayment
20%
$62,020
Closing costs
1%
$3,101
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$3,159
Mortgage P&I
49%
$1,707
Property Taxes
4%
$154
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385