This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $112k initial cash invested.
2.38%
Cash On Cash
7.91%
Cap Rate
1.17
DSCR
$5,205
Rent
$222
Cashflow
Cash Flow
$5,205 income − $4,983 expenses = $222 cash flow
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,205
Total Expenses
$4,983
Mortgage P&I
48%
$2,517
Property Taxes
10%
$538
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573