This property might be a fair Mid-Term investment with a projected 6.04% first-year return on $102k initial cash invested.
6.04%
Cash On Cash
8.74%
Cap Rate
1.31
DSCR
$4,503
Rent
$512
Cashflow
Cash Flow
$4,503 income − $3,991 expenses = $512 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,798
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$3,991
Mortgage P&I
49%
$2,214
Property Taxes
1%
$64
Home Insurance
3%
$140
HOA
1%
$43
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495