This property might be a fair Mid-Term investment with a projected 2.72% first-year return on $119k initial cash invested.
2.72%
Cash On Cash
7.61%
Cap Rate
1.2
DSCR
$5,799
Rent
$270
Cashflow
Cash Flow
$5,799 income − $5,529 expenses = $270 cash flow
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,200
Closing costs
1%
$4,810
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,799
Total Expenses
$5,529
Mortgage P&I
44%
$2,547
Property Taxes
13%
$777
Home Insurance
3%
$158
HOA
1%
$75
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638