This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $114k initial cash invested.
3.17%
Cash On Cash
7.34%
Cap Rate
1.22
DSCR
$4,822
Rent
$300
Cashflow
Cash Flow
$4,822 income − $4,522 expenses = $300 cash flow
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,000
Closing costs
1%
$4,550
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,822
Total Expenses
$4,522
Mortgage P&I
48%
$2,291
Property Taxes
9%
$432
Home Insurance
3%
$159
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530