This property might be a fair Mid-Term investment with a projected 2.33% first-year return on $101k initial cash invested.
2.33%
Cash On Cash
7.65%
Cap Rate
1.18
DSCR
$4,665
Rent
$197
Cashflow
Cash Flow
$4,665 income − $4,468 expenses = $197 cash flow
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,665
Total Expenses
$4,468
Mortgage P&I
46%
$2,145
Property Taxes
13%
$596
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513