This property might be a fair Mid-Term investment with a projected 9.56% first-year return on $117k initial cash invested.
9.56%
Cash On Cash
9.52%
Cap Rate
1.46
DSCR
$6,159
Rent
$930
Cashflow
Cash Flow
$6,159 income − $5,229 expenses = $930 cash flow
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,060
Closing costs
1%
$4,703
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,159
Total Expenses
$5,229
Mortgage P&I
42%
$2,557
Property Taxes
7%
$411
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677