This property might be a fair Mid-Term investment with a projected 3.18% first-year return on $106k initial cash invested.
3.18%
Cash On Cash
7.43%
Cap Rate
1.21
DSCR
$4,416
Rent
$282
Cashflow
Cash Flow
$4,416 income − $4,134 expenses = $282 cash flow
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,080
Closing costs
1%
$4,204
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,416
Total Expenses
$4,134
Mortgage P&I
49%
$2,145
Property Taxes
8%
$365
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486