This property might be a fair Mid-Term investment with a projected 3.38% first-year return on $99,900 initial cash invested.
3.38%
Cash On Cash
7.57%
Cap Rate
1.23
DSCR
$4,562
Rent
$281
Cashflow
Cash Flow
$4,562 income − $4,281 expenses = $281 cash flow
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,562
Total Expenses
$4,281
Mortgage P&I
44%
$1,997
Property Taxes
13%
$598
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$502