This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $84,990 initial cash invested.
3.23%
Cash On Cash
7.91%
Cap Rate
1.21
DSCR
$3,334
Rent
$229
Cashflow
Cash Flow
$3,334 income − $3,105 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,334
Total Expenses
$3,105
Mortgage P&I
52%
$1,741
Property Taxes
4%
$119
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367