This property might be a fair Mid-Term investment with a projected 4.4% first-year return on $80,790 initial cash invested.
4.4%
Cash On Cash
8.44%
Cap Rate
1.27
DSCR
$3,884
Rent
$296
Cashflow
Cash Flow
$3,884 income − $3,588 expenses = $296 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,884
Total Expenses
$3,588
Mortgage P&I
43%
$1,652
Property Taxes
13%
$511
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427