This property might be a fair Mid-Term investment with a projected 2.83% first-year return on $92,802 initial cash invested.
2.83%
Cash On Cash
8.02%
Cap Rate
1.19
DSCR
$4,167
Rent
$219
Cashflow
Cash Flow
$4,167 income − $3,948 expenses = $219 cash flow
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,802
Downpayment
20%
$71,240
Closing costs
1%
$3,562
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,167
Total Expenses
$3,948
Mortgage P&I
48%
$1,994
Property Taxes
8%
$341
Home Insurance
3%
$128
HOA
2%
$68
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458