This property might be a fair Mid-Term investment with a projected 8.4% first-year return on $88,602 initial cash invested.
8.4%
Cash On Cash
8.91%
Cap Rate
1.47
DSCR
$4,300
Rent
$620
Cashflow
Cash Flow
$4,300 income − $3,680 expenses = $620 cash flow
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,602
Downpayment
20%
$67,240
Closing costs
1%
$3,362
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,300
Total Expenses
$3,680
Mortgage P&I
40%
$1,703
Property Taxes
9%
$388
Home Insurance
3%
$119
HOA
0%
$8
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473