This property might be a fair Mid-Term investment with a projected 9.66% first-year return on $112k initial cash invested.
9.66%
Cash On Cash
9.19%
Cap Rate
1.5
DSCR
$5,922
Rent
$905
Cashflow
Cash Flow
$5,922 income − $5,017 expenses = $905 cash flow
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,922
Total Expenses
$5,017
Mortgage P&I
39%
$2,304
Property Taxes
9%
$541
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651