This property might be a fair Mid-Term investment with a projected 4.24% first-year return on $119k initial cash invested.
4.24%
Cash On Cash
8.26%
Cap Rate
1.24
DSCR
$5,673
Rent
$419
Cashflow
Cash Flow
$5,673 income − $5,254 expenses = $419 cash flow
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,740
Closing costs
1%
$4,787
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,673
Total Expenses
$5,254
Mortgage P&I
47%
$2,649
Property Taxes
8%
$448
Home Insurance
3%
$178
HOA
1%
$50
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624