This property might be a fair Mid-Term investment with a projected 8.32% first-year return on $106k initial cash invested.
8.32%
Cash On Cash
8.83%
Cap Rate
1.44
DSCR
$5,091
Rent
$738
Cashflow
Cash Flow
$5,091 income − $4,353 expenses = $738 cash flow
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,091
Total Expenses
$4,353
Mortgage P&I
42%
$2,158
Property Taxes
6%
$315
Home Insurance
3%
$148
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560