This property might be a fair Mid-Term investment with a projected 2.2% first-year return on $89,379 initial cash invested.
2.2%
Cash On Cash
7.67%
Cap Rate
1.17
DSCR
$3,675
Rent
$164
Cashflow
Cash Flow
$3,675 income − $3,511 expenses = $164 cash flow
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,675
Total Expenses
$3,511
Mortgage P&I
51%
$1,862
Property Taxes
8%
$281
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404