This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $122k initial cash invested.
2.89%
Cash On Cash
7.49%
Cap Rate
1.2
DSCR
$5,428
Rent
$294
Cashflow
Cash Flow
$5,428 income − $5,134 expenses = $294 cash flow
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,428
Total Expenses
$5,134
Mortgage P&I
47%
$2,577
Property Taxes
10%
$539
Home Insurance
3%
$173
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597