This property might be a fair Mid-Term investment with a projected 6.18% first-year return on $91,500 initial cash invested.
6.18%
Cash On Cash
8.31%
Cap Rate
1.35
DSCR
$3,874
Rent
$471
Cashflow
Cash Flow
$3,874 income − $3,403 expenses = $471 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,874
Total Expenses
$3,403
Mortgage P&I
46%
$1,798
Property Taxes
4%
$166
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426