This property might be a fair Mid-Term investment with a projected 2.82% first-year return on $91,500 initial cash invested.
2.82%
Cash On Cash
7.56%
Cap Rate
1.19
DSCR
$3,530
Rent
$215
Cashflow
Cash Flow
$3,530 income − $3,315 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$3,315
Mortgage P&I
52%
$1,849
Property Taxes
4%
$144
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388