This property might be a fair Mid-Term investment with a projected 2.31% first-year return on $89,841 initial cash invested.
2.31%
Cash On Cash
7.16%
Cap Rate
1.18
DSCR
$3,423
Rent
$173
Cashflow
Cash Flow
$3,423 income − $3,250 expenses = $173 cash flow
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,841
Downpayment
20%
$68,420
Closing costs
1%
$3,421
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$3,250
Mortgage P&I
51%
$1,730
Property Taxes
7%
$233
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377