This property might be a fair Long-Term investment with a projected 4.25% first-year return on $114k initial cash invested.
4.25%
Cash On Cash
7.85%
Cap Rate
1.23
DSCR
$5,198
Rent
$405
Cashflow
Cash Flow
$5,198 income − $4,793 expenses = $405 cash flow
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,198
Total Expenses
$4,793
Mortgage P&I
56%
$2,900
Property Taxes
6%
$336
Home Insurance
4%
$198
HOA
0%
$7
Property Management
10%
$520
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0