This property might be a fair Mid-Term investment with a projected 3.56% first-year return on $111k initial cash invested.
3.56%
Cash On Cash
7.72%
Cap Rate
1.22
DSCR
$4,575
Rent
$329
Cashflow
Cash Flow
$4,575 income − $4,246 expenses = $329 cash flow
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,575
Total Expenses
$4,246
Mortgage P&I
51%
$2,335
Property Taxes
4%
$195
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503