This property might be a fair Mid-Term investment with a projected 6.86% first-year return on $112k initial cash invested.
6.86%
Cash On Cash
8.87%
Cap Rate
1.37
DSCR
$6,219
Rent
$642
Cashflow
Cash Flow
$6,219 income − $5,577 expenses = $642 cash flow
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,219
Total Expenses
$5,577
Mortgage P&I
39%
$2,426
Property Taxes
14%
$879
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$684