This property might be a fair Mid-Term investment with a projected 8.01% first-year return on $91,416 initial cash invested.
8.01%
Cash On Cash
9.45%
Cap Rate
1.41
DSCR
$4,892
Rent
$610
Cashflow
Cash Flow
$4,892 income − $4,282 expenses = $610 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,416
Downpayment
20%
$69,920
Closing costs
1%
$3,496
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,892
Total Expenses
$4,282
Mortgage P&I
40%
$1,947
Property Taxes
11%
$530
Home Insurance
3%
$124
HOA
0%
$17
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538