This property might be a fair Mid-Term investment with a projected 7.13% first-year return on $84,990 initial cash invested.
7.13%
Cash On Cash
9.13%
Cap Rate
1.38
DSCR
$4,062
Rent
$505
Cashflow
Cash Flow
$4,062 income − $3,557 expenses = $505 cash flow
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,062
Total Expenses
$3,557
Mortgage P&I
43%
$1,761
Property Taxes
7%
$304
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$447