This property might be a fair Mid-Term investment with a projected 1.4% first-year return on $97,506 initial cash invested.
1.4%
Cash On Cash
7.24%
Cap Rate
1.13
DSCR
$3,621
Rent
$114
Cashflow
Cash Flow
$3,621 income − $3,507 expenses = $114 cash flow
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,621
Total Expenses
$3,507
Mortgage P&I
56%
$2,025
Property Taxes
4%
$131
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398