This property might be a fair Mid-Term investment with a projected 3.55% first-year return on $102k initial cash invested.
3.55%
Cash On Cash
8.06%
Cap Rate
1.22
DSCR
$4,396
Rent
$301
Cashflow
Cash Flow
$4,396 income − $4,095 expenses = $301 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,396
Total Expenses
$4,095
Mortgage P&I
50%
$2,204
Property Taxes
6%
$255
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484