This property might be a fair Mid-Term investment with a projected 2.59% first-year return on $91,395 initial cash invested.
2.59%
Cash On Cash
7.31%
Cap Rate
1.19
DSCR
$3,562
Rent
$197
Cashflow
Cash Flow
$3,562 income − $3,365 expenses = $197 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$3,365
Mortgage P&I
50%
$1,790
Property Taxes
7%
$246
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392