This property might be a fair Mid-Term investment with a projected 8.75% first-year return on $84,066 initial cash invested.
8.75%
Cash On Cash
9.15%
Cap Rate
1.47
DSCR
$3,828
Rent
$613
Cashflow
Cash Flow
$3,828 income − $3,215 expenses = $613 cash flow
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$3,215
Mortgage P&I
43%
$1,634
Property Taxes
4%
$166
Home Insurance
3%
$114
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421