This property might be a fair Mid-Term investment with a projected 6.39% first-year return on $91,290 initial cash invested.
6.39%
Cash On Cash
8.79%
Cap Rate
1.34
DSCR
$3,990
Rent
$486
Cashflow
Cash Flow
$3,990 income − $3,504 expenses = $486 cash flow
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$3,504
Mortgage P&I
48%
$1,909
Property Taxes
3%
$115
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439