This property might be a fair Mid-Term investment with a projected 3.01% first-year return on $120k initial cash invested.
3.01%
Cash On Cash
7.36%
Cap Rate
1.2
DSCR
$5,104
Rent
$300
Cashflow
Cash Flow
$5,104 income − $4,804 expenses = $300 cash flow
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,700
Closing costs
1%
$4,835
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,104
Total Expenses
$4,804
Mortgage P&I
48%
$2,463
Property Taxes
9%
$435
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561