This property might be a fair Mid-Term investment with a projected 3.19% first-year return on $99,690 initial cash invested.
3.19%
Cash On Cash
7.99%
Cap Rate
1.2
DSCR
$4,203
Rent
$265
Cashflow
Cash Flow
$4,203 income − $3,938 expenses = $265 cash flow
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$3,938
Mortgage P&I
51%
$2,156
Property Taxes
5%
$218
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462