This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $92,823 initial cash invested.
2.78%
Cash On Cash
7.29%
Cap Rate
1.19
DSCR
$3,360
Rent
$215
Cashflow
Cash Flow
$3,360 income − $3,145 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,823
Downpayment
20%
$71,260
Closing costs
1%
$3,563
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$3,145
Mortgage P&I
54%
$1,815
Property Taxes
2%
$61
Home Insurance
4%
$127
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370