This property might be a fair Mid-Term investment with a projected 4.76% first-year return on $93,600 initial cash invested.
4.76%
Cash On Cash
7.84%
Cap Rate
1.29
DSCR
$3,892
Rent
$371
Cashflow
Cash Flow
$3,892 income − $3,521 expenses = $371 cash flow
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$3,521
Mortgage P&I
47%
$1,825
Property Taxes
6%
$242
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428