This property might be a fair Mid-Term investment with a projected 7.1% first-year return on $92,991 initial cash invested.
7.1%
Cash On Cash
8.62%
Cap Rate
1.39
DSCR
$4,377
Rent
$550
Cashflow
Cash Flow
$4,377 income − $3,827 expenses = $550 cash flow
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,377
Total Expenses
$3,827
Mortgage P&I
42%
$1,841
Property Taxes
8%
$369
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481