This property might be a fair Mid-Term investment with a projected 6.15% first-year return on $80,559 initial cash invested.
6.15%
Cash On Cash
8.85%
Cap Rate
1.34
DSCR
$3,536
Rent
$413
Cashflow
Cash Flow
$3,536 income − $3,123 expenses = $413 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,536
Total Expenses
$3,123
Mortgage P&I
46%
$1,642
Property Taxes
5%
$175
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389