This property might be a fair Mid-Term investment with a projected 2.26% first-year return on $91,206 initial cash invested.
2.26%
Cash On Cash
7.73%
Cap Rate
1.17
DSCR
$3,864
Rent
$172
Cashflow
Cash Flow
$3,864 income − $3,692 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,206
Downpayment
20%
$69,720
Closing costs
1%
$3,486
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$3,692
Mortgage P&I
50%
$1,920
Property Taxes
7%
$277
Home Insurance
3%
$130
HOA
1%
$50
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425