This property might be a fair Mid-Term investment with a projected 6.52% first-year return on $110k initial cash invested.
6.52%
Cash On Cash
8.91%
Cap Rate
1.33
DSCR
$5,276
Rent
$597
Cashflow
Cash Flow
$5,276 income − $4,679 expenses = $597 cash flow
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,520
Closing costs
1%
$4,376
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,276
Total Expenses
$4,679
Mortgage P&I
46%
$2,440
Property Taxes
5%
$287
Home Insurance
3%
$159
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580