This property might be a fair Mid-Term investment with a projected 9.19% first-year return on $80,538 initial cash invested.
9.19%
Cash On Cash
9.2%
Cap Rate
1.5
DSCR
$3,524
Rent
$617
Cashflow
Cash Flow
$3,524 income − $2,907 expenses = $617 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$2,907
Mortgage P&I
43%
$1,525
Property Taxes
2%
$75
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388