This property might be a fair Mid-Term investment with a projected 1.9% first-year return on $83,373 initial cash invested.
1.9%
Cash On Cash
7.14%
Cap Rate
1.16
DSCR
$3,160
Rent
$132
Cashflow
Cash Flow
$3,160 income − $3,028 expenses = $132 cash flow
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,160
Total Expenses
$3,028
Mortgage P&I
50%
$1,593
Property Taxes
7%
$230
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348