This property might be a fair Mid-Term investment with a projected 6.08% first-year return on $102k initial cash invested.
6.08%
Cash On Cash
8.21%
Cap Rate
1.35
DSCR
$4,656
Rent
$517
Cashflow
Cash Flow
$4,656 income − $4,139 expenses = $517 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,656
Total Expenses
$4,139
Mortgage P&I
44%
$2,034
Property Taxes
8%
$382
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512