This property might be a fair Mid-Term investment with a projected 8.26% first-year return on $91,500 initial cash invested.
8.26%
Cash On Cash
8.88%
Cap Rate
1.45
DSCR
$4,330
Rent
$630
Cashflow
Cash Flow
$4,330 income − $3,700 expenses = $630 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,330
Total Expenses
$3,700
Mortgage P&I
41%
$1,788
Property Taxes
7%
$318
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476