This property might be a fair Mid-Term investment with a projected 2.86% first-year return on $93,600 initial cash invested.
2.86%
Cash On Cash
7.42%
Cap Rate
1.21
DSCR
$3,926
Rent
$223
Cashflow
Cash Flow
$3,926 income − $3,703 expenses = $223 cash flow
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,926
Total Expenses
$3,703
Mortgage P&I
47%
$1,846
Property Taxes
10%
$396
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432