This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $85,809 initial cash invested.
2.85%
Cash On Cash
7.38%
Cap Rate
1.21
DSCR
$3,531
Rent
$204
Cashflow
Cash Flow
$3,531 income − $3,327 expenses = $204 cash flow
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$3,327
Mortgage P&I
47%
$1,642
Property Taxes
10%
$340
Home Insurance
3%
$115
HOA
1%
$30
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388