This property might be a fair Mid-Term investment with a projected 2.19% first-year return on $105k initial cash invested.
2.19%
Cash On Cash
7.39%
Cap Rate
1.17
DSCR
$4,262
Rent
$192
Cashflow
Cash Flow
$4,262 income − $4,070 expenses = $192 cash flow
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$4,070
Mortgage P&I
51%
$2,192
Property Taxes
7%
$285
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469