This property might be a fair Mid-Term investment with a projected 4.75% first-year return on $110k initial cash invested.
4.75%
Cash On Cash
8.37%
Cap Rate
1.26
DSCR
$4,738
Rent
$435
Cashflow
Cash Flow
$4,738 income − $4,303 expenses = $435 cash flow
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,598
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,738
Total Expenses
$4,303
Mortgage P&I
51%
$2,430
Property Taxes
1%
$64
Home Insurance
3%
$153
HOA
1%
$44
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521