This property might be a fair Mid-Term investment with a projected 4.01% first-year return on $92,970 initial cash invested.
4.01%
Cash On Cash
8.13%
Cap Rate
1.24
DSCR
$3,838
Rent
$311
Cashflow
Cash Flow
$3,838 income − $3,527 expenses = $311 cash flow
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,970
Downpayment
20%
$71,400
Closing costs
1%
$3,570
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,838
Total Expenses
$3,527
Mortgage P&I
51%
$1,955
Property Taxes
4%
$140
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422