This property might be a fair Mid-Term investment with a projected 4.13% first-year return on $89,400 initial cash invested.
4.13%
Cash On Cash
8.2%
Cap Rate
1.24
DSCR
$3,730
Rent
$308
Cashflow
Cash Flow
$3,730 income − $3,422 expenses = $308 cash flow
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,730
Total Expenses
$3,422
Mortgage P&I
50%
$1,866
Property Taxes
5%
$169
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410