This property might be a fair Mid-Term investment with a projected 8.61% first-year return on $83,163 initial cash invested.
8.61%
Cash On Cash
9.56%
Cap Rate
1.44
DSCR
$3,831
Rent
$597
Cashflow
Cash Flow
$3,831 income − $3,234 expenses = $597 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,163
Downpayment
20%
$62,060
Closing costs
1%
$3,103
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,831
Total Expenses
$3,234
Mortgage P&I
45%
$1,722
Property Taxes
3%
$100
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421