This property might be a fair Mid-Term investment with a projected 4.41% first-year return on $117k initial cash invested.
4.41%
Cash On Cash
8.36%
Cap Rate
1.25
DSCR
$5,901
Rent
$429
Cashflow
Cash Flow
$5,901 income − $5,472 expenses = $429 cash flow
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,901
Total Expenses
$5,472
Mortgage P&I
44%
$2,610
Property Taxes
12%
$688
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649