This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $81,775 initial cash invested.
2.8%
Cash On Cash
7.65%
Cap Rate
1.18
DSCR
$4,530
Rent
$191
Cashflow
Cash Flow
$4,530 income − $4,339 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,775
Downpayment
20%
$77,880
Closing costs
1%
$3,894
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,530
Total Expenses
$4,339
Mortgage P&I
47%
$2,112
Property Taxes
12%
$551
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498