This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $82,869 initial cash invested.
3.4%
Cash On Cash
8.04%
Cap Rate
1.24
DSCR
$3,976
Rent
$235
Cashflow
Cash Flow
$3,976 income − $3,741 expenses = $235 cash flow
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,869
Downpayment
20%
$61,780
Closing costs
1%
$3,089
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,976
Total Expenses
$3,741
Mortgage P&I
42%
$1,675
Property Taxes
15%
$610
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437