This property might be a fair Mid-Term investment with a projected 3.2% first-year return on $80,517 initial cash invested.
3.2%
Cash On Cash
7.98%
Cap Rate
1.21
DSCR
$3,182
Rent
$215
Cashflow
Cash Flow
$3,182 income − $2,967 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,182
Total Expenses
$2,967
Mortgage P&I
51%
$1,637
Property Taxes
4%
$130
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350