This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $92,193 initial cash invested.
2.36%
Cash On Cash
7.75%
Cap Rate
1.19
DSCR
$4,485
Rent
$181
Cashflow
Cash Flow
$4,485 income − $4,304 expenses = $181 cash flow
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,193
Downpayment
20%
$70,660
Closing costs
1%
$3,533
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,485
Total Expenses
$4,304
Mortgage P&I
43%
$1,921
Property Taxes
16%
$738
Home Insurance
3%
$121
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493