This property might be a fair Mid-Term investment with a projected 2.65% first-year return on $92,424 initial cash invested.
2.65%
Cash On Cash
7.46%
Cap Rate
1.2
DSCR
$4,064
Rent
$204
Cashflow
Cash Flow
$4,064 income − $3,860 expenses = $204 cash flow
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,424
Downpayment
20%
$70,880
Closing costs
1%
$3,544
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,064
Total Expenses
$3,860
Mortgage P&I
45%
$1,836
Property Taxes
13%
$519
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447