This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $113k initial cash invested.
2.13%
Cash On Cash
7.22%
Cap Rate
1.17
DSCR
$4,958
Rent
$200
Cashflow
Cash Flow
$4,958 income − $4,758 expenses = $200 cash flow
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,958
Total Expenses
$4,758
Mortgage P&I
47%
$2,308
Property Taxes
12%
$607
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545