This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $87,510 initial cash invested.
3.14%
Cash On Cash
8.15%
Cap Rate
1.2
DSCR
$3,804
Rent
$229
Cashflow
Cash Flow
$3,804 income − $3,575 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,804
Total Expenses
$3,575
Mortgage P&I
49%
$1,866
Property Taxes
8%
$298
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418