This property might be a fair Mid-Term investment with a projected 2.81% first-year return on $107k initial cash invested.
2.81%
Cash On Cash
7.22%
Cap Rate
1.2
DSCR
$4,404
Rent
$251
Cashflow
Cash Flow
$4,404 income − $4,153 expenses = $251 cash flow
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,080
Closing costs
1%
$4,254
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,404
Total Expenses
$4,153
Mortgage P&I
48%
$2,131
Property Taxes
8%
$351
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484