This property might be a fair Mid-Term investment with a projected 3.19% first-year return on $86,019 initial cash invested.
3.19%
Cash On Cash
7.98%
Cap Rate
1.22
DSCR
$3,850
Rent
$229
Cashflow
Cash Flow
$3,850 income − $3,621 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,019
Downpayment
20%
$64,780
Closing costs
1%
$3,239
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$3,621
Mortgage P&I
46%
$1,770
Property Taxes
11%
$425
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424