This property might be a fair Mid-Term investment with a projected 5.66% first-year return on $89,400 initial cash invested.
5.66%
Cash On Cash
8.59%
Cap Rate
1.32
DSCR
$4,120
Rent
$422
Cashflow
Cash Flow
$4,120 income − $3,698 expenses = $422 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
$4,120
Total Expenses
$3,698
Mortgage P&I
45%
$1,848
Property Taxes
8%
$330
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453