This property might be a fair Mid-Term investment with a projected 1.64% first-year return on $94,650 initial cash invested.
1.64%
Cash On Cash
7.02%
Cap Rate
1.14
DSCR
$3,500
Rent
$129
Cashflow
Cash Flow
$3,500 income − $3,371 expenses = $129 cash flow
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$3,371
Mortgage P&I
53%
$1,865
Property Taxes
5%
$188
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385