This property might be a fair Mid-Term investment with a projected 0.8% first-year return on $93,180 initial cash invested.
0.8%
Cash On Cash
7.03%
Cap Rate
1.1
DSCR
$3,243
Rent
$62
Cashflow
Cash Flow
$3,243 income − $3,181 expenses = $62 cash flow
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$3,181
Mortgage P&I
59%
$1,905
Property Taxes
1%
$48
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357