This property might be a fair Mid-Term investment with a projected 2.82% first-year return on $89,400 initial cash invested.
2.82%
Cash On Cash
7.81%
Cap Rate
1.19
DSCR
$3,630
Rent
$210
Cashflow
Cash Flow
$3,630 income − $3,420 expenses = $210 cash flow
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,630
Total Expenses
$3,420
Mortgage P&I
51%
$1,859
Property Taxes
6%
$202
Home Insurance
3%
$119
HOA
0%
$6
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399