This property might be a fair Mid-Term investment with a projected 3.05% first-year return on $111k initial cash invested.
3.05%
Cash On Cash
7.39%
Cap Rate
1.22
DSCR
$5,086
Rent
$282
Cashflow
Cash Flow
$5,086 income − $4,804 expenses = $282 cash flow
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,086
Total Expenses
$4,804
Mortgage P&I
44%
$2,243
Property Taxes
13%
$677
Home Insurance
3%
$156
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559