This property might be a fair Mid-Term investment with a projected 8.69% first-year return on $91,290 initial cash invested.
8.69%
Cash On Cash
9.32%
Cap Rate
1.45
DSCR
$4,650
Rent
$661
Cashflow
Cash Flow
$4,650 income − $3,989 expenses = $661 cash flow
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,650
Total Expenses
$3,989
Mortgage P&I
40%
$1,864
Property Taxes
9%
$421
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512