This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $91,479 initial cash invested.
3.5%
Cash On Cash
7.6%
Cap Rate
1.24
DSCR
$4,068
Rent
$267
Cashflow
Cash Flow
$4,068 income − $3,801 expenses = $267 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,068
Total Expenses
$3,801
Mortgage P&I
44%
$1,787
Property Taxes
13%
$509
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447