This property might be a fair Mid-Term investment with a projected 7.97% first-year return on $117k initial cash invested.
7.97%
Cash On Cash
9.21%
Cap Rate
1.39
DSCR
$5,880
Rent
$775
Cashflow
Cash Flow
$5,880 income − $5,105 expenses = $775 cash flow
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,880
Total Expenses
$5,105
Mortgage P&I
44%
$2,597
Property Taxes
5%
$312
Home Insurance
3%
$164
HOA
1%
$33
Property Management
12%
$706
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$647