This property might be a fair Mid-Term investment with a projected 3.79% first-year return on $112k initial cash invested.
3.79%
Cash On Cash
7.56%
Cap Rate
1.24
DSCR
$4,692
Rent
$354
Cashflow
Cash Flow
$4,692 income − $4,338 expenses = $354 cash flow
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,692
Total Expenses
$4,338
Mortgage P&I
49%
$2,276
Property Taxes
6%
$303
Home Insurance
3%
$163
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516