This property might be a fair Mid-Term investment with a projected 8.95% first-year return on $93,201 initial cash invested.
8.95%
Cash On Cash
9.78%
Cap Rate
1.46
DSCR
$5,500
Rent
$695
Cashflow
Cash Flow
$5,500 income − $4,805 expenses = $695 cash flow
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,201
Downpayment
20%
$71,620
Closing costs
1%
$3,581
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,500
Total Expenses
$4,805
Mortgage P&I
36%
$2,003
Property Taxes
15%
$802
Home Insurance
2%
$130
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605