This property might be a fair Mid-Term investment with a projected 6.15% first-year return on $106k initial cash invested.
6.15%
Cash On Cash
8.22%
Cap Rate
1.34
DSCR
$4,556
Rent
$543
Cashflow
Cash Flow
$4,556 income − $4,013 expenses = $543 cash flow
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,556
Total Expenses
$4,013
Mortgage P&I
47%
$2,145
Property Taxes
4%
$172
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501