This property might be a fair Mid-Term investment with a projected 2.3% first-year return on $112k initial cash invested.
2.3%
Cash On Cash
7.67%
Cap Rate
1.17
DSCR
$4,936
Rent
$215
Cashflow
Cash Flow
$4,936 income − $4,721 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,936
Total Expenses
$4,721
Mortgage P&I
50%
$2,459
Property Taxes
9%
$428
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543