This property might be a fair Mid-Term investment with a projected 3.24% first-year return on $77,493 initial cash invested.
3.24%
Cash On Cash
7.96%
Cap Rate
1.23
DSCR
$3,540
Rent
$209
Cashflow
Cash Flow
$3,540 income − $3,331 expenses = $209 cash flow
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,493
Downpayment
20%
$56,660
Closing costs
1%
$2,833
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,540
Total Expenses
$3,331
Mortgage P&I
43%
$1,528
Property Taxes
14%
$499
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389