This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $106k initial cash invested.
3.83%
Cash On Cash
8.33%
Cap Rate
1.23
DSCR
$5,217
Rent
$339
Cashflow
Cash Flow
$5,217 income − $4,878 expenses = $339 cash flow
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,217
Total Expenses
$4,878
Mortgage P&I
45%
$2,364
Property Taxes
9%
$444
Home Insurance
4%
$203
HOA
2%
$92
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574