This property might be a fair Mid-Term investment with a projected 1.14% first-year return on $83,205 initial cash invested.
1.14%
Cash On Cash
6.9%
Cap Rate
1.12
DSCR
$2,884
Rent
$79
Cashflow
Cash Flow
$2,884 income − $2,805 expenses = $79 cash flow
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,205
Downpayment
20%
$62,100
Closing costs
1%
$3,105
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$2,805
Mortgage P&I
55%
$1,592
Property Taxes
3%
$93
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317