This property might be a fair Mid-Term investment with a projected 6.16% first-year return on $91,500 initial cash invested.
6.16%
Cash On Cash
8.3%
Cap Rate
1.35
DSCR
$4,058
Rent
$470
Cashflow
Cash Flow
$4,058 income − $3,588 expenses = $470 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,058
Total Expenses
$3,588
Mortgage P&I
44%
$1,789
Property Taxes
7%
$298
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446