This property might be a fair Mid-Term investment with a projected 6.42% first-year return on $94,440 initial cash invested.
6.42%
Cash On Cash
8.87%
Cap Rate
1.35
DSCR
$5,008
Rent
$505
Cashflow
Cash Flow
$5,008 income − $4,503 expenses = $505 cash flow
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,440
Downpayment
20%
$72,800
Closing costs
1%
$3,640
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,008
Total Expenses
$4,503
Mortgage P&I
40%
$1,986
Property Taxes
12%
$588
Home Insurance
3%
$127
HOA
2%
$100
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551