This property might be a fair Mid-Term investment with a projected 1.1% first-year return on $121k initial cash invested.
1.1%
Cash On Cash
7.25%
Cap Rate
1.12
DSCR
$5,270
Rent
$111
Cashflow
Cash Flow
$5,270 income − $5,159 expenses = $111 cash flow
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,920
Closing costs
1%
$4,896
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,270
Total Expenses
$5,159
Mortgage P&I
50%
$2,638
Property Taxes
11%
$557
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580