This property might be a fair Mid-Term investment with a projected 4.23% first-year return on $80,580 initial cash invested.
4.23%
Cash On Cash
8.24%
Cap Rate
1.26
DSCR
$3,543
Rent
$284
Cashflow
Cash Flow
$3,543 income − $3,259 expenses = $284 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$3,259
Mortgage P&I
46%
$1,621
Property Taxes
9%
$329
Home Insurance
3%
$104
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390