This property might be a fair Mid-Term investment with a projected 6.06% first-year return on $106k initial cash invested.
6.06%
Cash On Cash
8.29%
Cap Rate
1.34
DSCR
$4,938
Rent
$535
Cashflow
Cash Flow
$4,938 income − $4,403 expenses = $535 cash flow
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,938
Total Expenses
$4,403
Mortgage P&I
44%
$2,160
Property Taxes
8%
$416
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$543