This property might be a fair Mid-Term investment with a projected 6.36% first-year return on $80,433 initial cash invested.
6.36%
Cash On Cash
8.94%
Cap Rate
1.35
DSCR
$3,634
Rent
$426
Cashflow
Cash Flow
$3,634 income − $3,208 expenses = $426 cash flow
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$3,208
Mortgage P&I
45%
$1,643
Property Taxes
6%
$223
Home Insurance
3%
$107
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400