This property might be a fair Mid-Term investment with a projected 2.42% first-year return on $84,843 initial cash invested.
2.42%
Cash On Cash
7.35%
Cap Rate
1.18
DSCR
$3,070
Rent
$171
Cashflow
Cash Flow
$3,070 income − $2,899 expenses = $171 cash flow
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,843
Downpayment
20%
$63,660
Closing costs
1%
$3,183
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$2,899
Mortgage P&I
54%
$1,655
Property Taxes
2%
$76
Home Insurance
4%
$116
HOA
0%
$8
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338