This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $87,972 initial cash invested.
2.96%
Cash On Cash
7.75%
Cap Rate
1.2
DSCR
$3,450
Rent
$217
Cashflow
Cash Flow
$3,450 income − $3,233 expenses = $217 cash flow
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,972
Downpayment
20%
$66,640
Closing costs
1%
$3,332
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,450
Total Expenses
$3,233
Mortgage P&I
52%
$1,796
Property Taxes
4%
$144
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380