This property might be a fair Mid-Term investment with a projected 2.95% first-year return on $90,807 initial cash invested.
2.95%
Cash On Cash
7.88%
Cap Rate
1.2
DSCR
$3,790
Rent
$223
Cashflow
Cash Flow
$3,790 income − $3,567 expenses = $223 cash flow
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,807
Downpayment
20%
$69,340
Closing costs
1%
$3,467
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,790
Total Expenses
$3,567
Mortgage P&I
50%
$1,901
Property Taxes
7%
$254
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417