This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $83,436 initial cash invested.
3.15%
Cash On Cash
7.81%
Cap Rate
1.21
DSCR
$3,320
Rent
$219
Cashflow
Cash Flow
$3,320 income − $3,101 expenses = $219 cash flow
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$3,101
Mortgage P&I
51%
$1,677
Property Taxes
4%
$140
Home Insurance
3%
$105
HOA
2%
$50
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365