This property might be a fair Mid-Term investment with a projected 7% first-year return on $92,634 initial cash invested.
7%
Cash On Cash
8.61%
Cap Rate
1.38
DSCR
$4,110
Rent
$540
Cashflow
Cash Flow
$4,110 income − $3,570 expenses = $540 cash flow
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,110
Total Expenses
$3,570
Mortgage P&I
45%
$1,847
Property Taxes
5%
$196
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452