This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $102k initial cash invested.
2.23%
Cash On Cash
7.16%
Cap Rate
1.17
DSCR
$4,107
Rent
$189
Cashflow
Cash Flow
$4,107 income − $3,918 expenses = $189 cash flow
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$3,918
Mortgage P&I
49%
$2,022
Property Taxes
8%
$342
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452