This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $88,854 initial cash invested.
2.9%
Cash On Cash
7.51%
Cap Rate
1.2
DSCR
$3,440
Rent
$215
Cashflow
Cash Flow
$3,440 income − $3,225 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,854
Downpayment
20%
$67,480
Closing costs
1%
$3,374
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$3,225
Mortgage P&I
51%
$1,759
Property Taxes
5%
$175
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378