This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $94,650 initial cash invested.
2.85%
Cash On Cash
7.74%
Cap Rate
1.2
DSCR
$4,017
Rent
$225
Cashflow
Cash Flow
$4,017 income − $3,792 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,017
Total Expenses
$3,792
Mortgage P&I
49%
$1,967
Property Taxes
8%
$330
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442