This property might be a fair Mid-Term investment with a projected 2.48% first-year return on $91,479 initial cash invested.
2.48%
Cash On Cash
7.67%
Cap Rate
1.18
DSCR
$3,664
Rent
$189
Cashflow
Cash Flow
$3,664 income − $3,475 expenses = $189 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$3,475
Mortgage P&I
52%
$1,901
Property Taxes
6%
$205
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403