This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $88,350 initial cash invested.
2.93%
Cash On Cash
7.47%
Cap Rate
1.22
DSCR
$3,980
Rent
$216
Cashflow
Cash Flow
$3,980 income − $3,764 expenses = $216 cash flow
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,980
Total Expenses
$3,764
Mortgage P&I
43%
$1,710
Property Taxes
15%
$582
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438