This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $105k initial cash invested.
2.36%
Cash On Cash
7.7%
Cap Rate
1.16
DSCR
$4,210
Rent
$207
Cashflow
Cash Flow
$4,210 income − $4,003 expenses = $207 cash flow
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,210
Total Expenses
$4,003
Mortgage P&I
55%
$2,296
Property Taxes
3%
$127
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463