This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $102k initial cash invested.
3.25%
Cash On Cash
7.75%
Cap Rate
1.21
DSCR
$4,504
Rent
$276
Cashflow
Cash Flow
$4,504 income − $4,228 expenses = $276 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,504
Total Expenses
$4,228
Mortgage P&I
47%
$2,128
Property Taxes
10%
$430
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495