This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $102k initial cash invested.
2.25%
Cash On Cash
7.96%
Cap Rate
1.16
DSCR
$4,575
Rent
$191
Cashflow
Cash Flow
$4,575 income − $4,384 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.7%
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
$4,575
Total Expenses
$4,384
Mortgage P&I
50%
$2,280
Property Taxes
9%
$409
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503