This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $90,534 initial cash invested.
2.23%
Cash On Cash
7.63%
Cap Rate
1.16
DSCR
$3,417
Rent
$168
Cashflow
Cash Flow
$3,417 income − $3,249 expenses = $168 cash flow
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,417
Total Expenses
$3,249
Mortgage P&I
55%
$1,891
Property Taxes
2%
$66
Home Insurance
4%
$122
HOA
0%
$7
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376