This property might be a fair Mid-Term investment with a projected 3.6% first-year return on $83,100 initial cash invested.
3.6%
Cash On Cash
8.06%
Cap Rate
1.23
DSCR
$3,396
Rent
$249
Cashflow
Cash Flow
$3,396 income − $3,147 expenses = $249 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$3,147
Mortgage P&I
50%
$1,697
Property Taxes
5%
$186
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374