This property might be a fair Mid-Term investment with a projected 5.99% first-year return on $97,002 initial cash invested.
5.99%
Cash On Cash
8.39%
Cap Rate
1.34
DSCR
$4,490
Rent
$484
Cashflow
Cash Flow
$4,490 income − $4,006 expenses = $484 cash flow
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,002
Downpayment
20%
$75,240
Closing costs
1%
$3,762
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,490
Total Expenses
$4,006
Mortgage P&I
44%
$1,966
Property Taxes
8%
$381
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494