This property might be a fair Mid-Term investment with a projected 8.54% first-year return on $80,391 initial cash invested.
8.54%
Cash On Cash
9.36%
Cap Rate
1.45
DSCR
$3,628
Rent
$572
Cashflow
Cash Flow
$3,628 income − $3,056 expenses = $572 cash flow
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,628
Total Expenses
$3,056
Mortgage P&I
44%
$1,601
Property Taxes
2%
$73
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399