This property might be a fair Mid-Term investment with a projected 6.38% first-year return on $91,479 initial cash invested.
6.38%
Cash On Cash
8.34%
Cap Rate
1.37
DSCR
$4,176
Rent
$486
Cashflow
Cash Flow
$4,176 income − $3,690 expenses = $486 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,176
Total Expenses
$3,690
Mortgage P&I
43%
$1,779
Property Taxes
9%
$370
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459