This property might be a fair Mid-Term investment with a projected 7.1% first-year return on $118k initial cash invested.
7.1%
Cash On Cash
8.79%
Cap Rate
1.36
DSCR
$5,826
Rent
$701
Cashflow
Cash Flow
$5,826 income − $5,125 expenses = $701 cash flow
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,620
Closing costs
1%
$4,781
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,826
Total Expenses
$5,125
Mortgage P&I
44%
$2,568
Property Taxes
7%
$401
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641