This property might be a fair Mid-Term investment with a projected 2.74% first-year return on $87,594 initial cash invested.
2.74%
Cash On Cash
7.78%
Cap Rate
1.19
DSCR
$3,435
Rent
$200
Cashflow
Cash Flow
$3,435 income − $3,235 expenses = $200 cash flow
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,594
Downpayment
20%
$66,280
Closing costs
1%
$3,314
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$3,235
Mortgage P&I
53%
$1,811
Property Taxes
2%
$67
Home Insurance
3%
$117
HOA
2%
$73
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378