This property might be a fair Mid-Term investment with a projected 9.22% first-year return on $110k initial cash invested.
9.22%
Cash On Cash
9.6%
Cap Rate
1.45
DSCR
$5,980
Rent
$842
Cashflow
Cash Flow
$5,980 income − $5,138 expenses = $842 cash flow
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,280
Closing costs
1%
$4,364
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,980
Total Expenses
$5,138
Mortgage P&I
40%
$2,411
Property Taxes
9%
$536
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$658