This property might be a fair Mid-Term investment with a projected 7.6% first-year return on $82,428 initial cash invested.
7.6%
Cash On Cash
9.19%
Cap Rate
1.4
DSCR
$3,824
Rent
$522
Cashflow
Cash Flow
$3,824 income − $3,302 expenses = $522 cash flow
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$3,302
Mortgage P&I
44%
$1,674
Property Taxes
7%
$257
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421