This property might be a fair Mid-Term investment with a projected 6.75% first-year return on $82,008 initial cash invested.
6.75%
Cash On Cash
8.52%
Cap Rate
1.4
DSCR
$3,897
Rent
$461
Cashflow
Cash Flow
$3,897 income − $3,436 expenses = $461 cash flow
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,008
Downpayment
20%
$60,960
Closing costs
1%
$3,048
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,897
Total Expenses
$3,436
Mortgage P&I
40%
$1,547
Property Taxes
12%
$458
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429