This property might be a fair Mid-Term investment with a projected 2.46% first-year return on $93,663 initial cash invested.
2.46%
Cash On Cash
7.78%
Cap Rate
1.18
DSCR
$3,948
Rent
$192
Cashflow
Cash Flow
$3,948 income − $3,756 expenses = $192 cash flow
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,663
Downpayment
20%
$72,060
Closing costs
1%
$3,603
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,948
Total Expenses
$3,756
Mortgage P&I
50%
$1,986
Property Taxes
8%
$300
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434