This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $109k initial cash invested.
2.8%
Cash On Cash
7.32%
Cap Rate
1.19
DSCR
$4,402
Rent
$255
Cashflow
Cash Flow
$4,402 income − $4,147 expenses = $255 cash flow
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,402
Total Expenses
$4,147
Mortgage P&I
51%
$2,223
Property Taxes
6%
$276
Home Insurance
3%
$152
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484