This property might be a fair Mid-Term investment with a projected 7.43% first-year return on $80,580 initial cash invested.
7.43%
Cash On Cash
9.39%
Cap Rate
1.4
DSCR
$4,148
Rent
$499
Cashflow
Cash Flow
$4,148 income − $3,649 expenses = $499 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,148
Total Expenses
$3,649
Mortgage P&I
40%
$1,667
Property Taxes
11%
$468
Home Insurance
3%
$104
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456