This property might be a fair Mid-Term investment with a projected 9.77% first-year return on $83,310 initial cash invested.
9.77%
Cash On Cash
9.8%
Cap Rate
1.51
DSCR
$4,390
Rent
$678
Cashflow
Cash Flow
$4,390 income − $3,712 expenses = $678 cash flow
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,310
Downpayment
20%
$62,200
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,390
Total Expenses
$3,712
Mortgage P&I
38%
$1,687
Property Taxes
10%
$417
Home Insurance
3%
$114
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483