This property might be a fair Mid-Term investment with a projected 2.22% first-year return on $89,841 initial cash invested.
2.22%
Cash On Cash
7.16%
Cap Rate
1.18
DSCR
$3,440
Rent
$166
Cashflow
Cash Flow
$3,440 income − $3,274 expenses = $166 cash flow
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,841
Downpayment
20%
$68,420
Closing costs
1%
$3,421
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$3,274
Mortgage P&I
50%
$1,736
Property Taxes
7%
$247
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378