This property might be a fair Mid-Term investment with a projected 3% first-year return on $88,707 initial cash invested.
3%
Cash On Cash
7.67%
Cap Rate
1.2
DSCR
$3,512
Rent
$222
Cashflow
Cash Flow
$3,512 income − $3,290 expenses = $222 cash flow
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,707
Downpayment
20%
$67,340
Closing costs
1%
$3,367
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$3,290
Mortgage P&I
51%
$1,790
Property Taxes
5%
$192
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386