This property might be a fair Mid-Term investment with a projected 2.33% first-year return on $89,442 initial cash invested.
2.33%
Cash On Cash
7.75%
Cap Rate
1.17
DSCR
$3,706
Rent
$174
Cashflow
Cash Flow
$3,706 income − $3,532 expenses = $174 cash flow
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,442
Downpayment
20%
$68,040
Closing costs
1%
$3,402
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,706
Total Expenses
$3,532
Mortgage P&I
51%
$1,875
Property Taxes
7%
$275
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408