This property might be a fair Mid-Term investment with a projected 5% first-year return on $84,990 initial cash invested.
5%
Cash On Cash
8.16%
Cap Rate
1.3
DSCR
$3,650
Rent
$354
Cashflow
Cash Flow
$3,650 income − $3,296 expenses = $354 cash flow
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,650
Total Expenses
$3,296
Mortgage P&I
46%
$1,670
Property Taxes
7%
$272
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402