This property might be a fair Mid-Term investment with a projected 8.23% first-year return on $83,835 initial cash invested.
8.23%
Cash On Cash
8.98%
Cap Rate
1.45
DSCR
$3,903
Rent
$575
Cashflow
Cash Flow
$3,903 income − $3,328 expenses = $575 cash flow
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,835
Downpayment
20%
$62,700
Closing costs
1%
$3,135
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,903
Total Expenses
$3,328
Mortgage P&I
41%
$1,616
Property Taxes
8%
$320
Home Insurance
2%
$66
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429