This property might be a fair Mid-Term investment with a projected 3.26% first-year return on $87,300 initial cash invested.
3.26%
Cash On Cash
7.49%
Cap Rate
1.22
DSCR
$3,338
Rent
$237
Cashflow
Cash Flow
$3,338 income − $3,101 expenses = $237 cash flow
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$3,101
Mortgage P&I
51%
$1,690
Property Taxes
5%
$159
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367