This property might be a fair Mid-Term investment with a projected 2.31% first-year return on $108k initial cash invested.
2.31%
Cash On Cash
7.35%
Cap Rate
1.17
DSCR
$4,530
Rent
$208
Cashflow
Cash Flow
$4,530 income − $4,322 expenses = $208 cash flow
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,530
Total Expenses
$4,322
Mortgage P&I
49%
$2,240
Property Taxes
9%
$392
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498