This property might be a fair Mid-Term investment with a projected 6.31% first-year return on $83,100 initial cash invested.
6.31%
Cash On Cash
8.61%
Cap Rate
1.35
DSCR
$3,460
Rent
$437
Cashflow
Cash Flow
$3,460 income − $3,023 expenses = $437 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,460
Total Expenses
$3,023
Mortgage P&I
48%
$1,648
Property Taxes
3%
$91
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381