This property might be a fair Mid-Term investment with a projected 3.9% first-year return on $83,100 initial cash invested.
3.9%
Cash On Cash
7.71%
Cap Rate
1.27
DSCR
$3,830
Rent
$270
Cashflow
Cash Flow
$3,830 income − $3,560 expenses = $270 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$3,560
Mortgage P&I
41%
$1,568
Property Taxes
15%
$582
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421