This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $107k initial cash invested.
0.66%
Cash On Cash
7.26%
Cap Rate
1.1
DSCR
$4,256
Rent
$59
Cashflow
Cash Flow
$4,256 income − $4,197 expenses = $59 cash flow
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,256
Total Expenses
$4,197
Mortgage P&I
55%
$2,336
Property Taxes
6%
$256
Home Insurance
4%
$150
HOA
0%
$8
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468