This property might be a fair Mid-Term investment with a projected 2.43% first-year return on $91,500 initial cash invested.
2.43%
Cash On Cash
7.21%
Cap Rate
1.18
DSCR
$3,249
Rent
$185
Cashflow
Cash Flow
$3,249 income − $3,064 expenses = $185 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
$3,249
Total Expenses
$3,064
Mortgage P&I
55%
$1,789
Property Taxes
2%
$49
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357