This property might be a fair Mid-Term investment with a projected 1.51% first-year return on $82,890 initial cash invested.
1.51%
Cash On Cash
7.5%
Cap Rate
1.14
DSCR
$3,334
Rent
$104
Cashflow
Cash Flow
$3,334 income − $3,230 expenses = $104 cash flow
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,334
Total Expenses
$3,230
Mortgage P&I
51%
$1,693
Property Taxes
9%
$294
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367