This property might be a fair Mid-Term investment with a projected 1.13% first-year return on $121k initial cash invested.
1.13%
Cash On Cash
7.43%
Cap Rate
1.11
DSCR
$4,714
Rent
$114
Cashflow
Cash Flow
$4,714 income − $4,600 expenses = $114 cash flow
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,714
Total Expenses
$4,600
Mortgage P&I
58%
$2,724
Property Taxes
2%
$101
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519