This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $90,786 initial cash invested.
2.93%
Cash On Cash
8.17%
Cap Rate
1.21
DSCR
$4,488
Rent
$222
Cashflow
Cash Flow
$4,488 income − $4,266 expenses = $222 cash flow
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,786
Downpayment
20%
$69,320
Closing costs
1%
$3,466
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,488
Total Expenses
$4,266
Mortgage P&I
44%
$1,957
Property Taxes
15%
$659
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494