This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $102k initial cash invested.
2.78%
Cash On Cash
7.58%
Cap Rate
1.19
DSCR
$4,215
Rent
$236
Cashflow
Cash Flow
$4,215 income − $3,979 expenses = $236 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,215
Total Expenses
$3,979
Mortgage P&I
50%
$2,117
Property Taxes
7%
$288
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464