This property might be a fair Mid-Term investment with a projected 2.39% first-year return on $108k initial cash invested.
2.39%
Cash On Cash
7.86%
Cap Rate
1.18
DSCR
$5,283
Rent
$215
Cashflow
Cash Flow
$5,283 income − $5,068 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,283
Total Expenses
$5,068
Mortgage P&I
45%
$2,384
Property Taxes
14%
$739
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$634
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$581