This property might be a fair Mid-Term investment with a projected 3.28% first-year return on $119k initial cash invested.
3.28%
Cash On Cash
7.82%
Cap Rate
1.21
DSCR
$5,264
Rent
$324
Cashflow
Cash Flow
$5,264 income − $4,940 expenses = $324 cash flow
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,264
Total Expenses
$4,940
Mortgage P&I
49%
$2,588
Property Taxes
7%
$391
Home Insurance
3%
$170
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579