This property might be a fair Mid-Term investment with a projected 6.57% first-year return on $93,453 initial cash invested.
6.57%
Cash On Cash
8.83%
Cap Rate
1.35
DSCR
$4,503
Rent
$512
Cashflow
Cash Flow
$4,503 income − $3,991 expenses = $512 cash flow
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,453
Downpayment
20%
$71,860
Closing costs
1%
$3,593
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$3,991
Mortgage P&I
43%
$1,953
Property Taxes
8%
$382
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495