This property might be a fair Mid-Term investment with a projected 7.36% first-year return on $113k initial cash invested.
7.36%
Cash On Cash
8.48%
Cap Rate
1.41
DSCR
$5,728
Rent
$692
Cashflow
Cash Flow
$5,728 income − $5,036 expenses = $692 cash flow
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,300
Closing costs
1%
$4,515
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,728
Total Expenses
$5,036
Mortgage P&I
40%
$2,271
Property Taxes
11%
$658
Home Insurance
3%
$160
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630