This property might be a fair Mid-Term investment with a projected 3.48% first-year return on $81,000 initial cash invested.
3.48%
Cash On Cash
7.88%
Cap Rate
1.23
DSCR
$3,351
Rent
$235
Cashflow
Cash Flow
$3,351 income − $3,116 expenses = $235 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,116
Mortgage P&I
48%
$1,600
Property Taxes
8%
$271
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369