This property might be a fair Mid-Term investment with a projected 5.24% first-year return on $90,450 initial cash invested.
5.24%
Cash On Cash
8.32%
Cap Rate
1.3
DSCR
$4,040
Rent
$395
Cashflow
Cash Flow
$4,040 income − $3,645 expenses = $395 cash flow
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,040
Total Expenses
$3,645
Mortgage P&I
45%
$1,836
Property Taxes
8%
$314
Home Insurance
3%
$121
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444