This property might be a fair Mid-Term investment with a projected 3.75% first-year return on $94,125 initial cash invested.
3.75%
Cash On Cash
8%
Cap Rate
1.24
DSCR
$4,413
Rent
$294
Cashflow
Cash Flow
$4,413 income − $4,119 expenses = $294 cash flow
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,125
Downpayment
20%
$72,500
Closing costs
1%
$3,625
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,413
Total Expenses
$4,119
Mortgage P&I
44%
$1,947
Property Taxes
12%
$535
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$485