This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $103k initial cash invested.
3.15%
Cash On Cash
7.43%
Cap Rate
1.21
DSCR
$4,132
Rent
$269
Cashflow
Cash Flow
$4,132 income − $3,863 expenses = $269 cash flow
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,600
Closing costs
1%
$4,030
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,132
Total Expenses
$3,863
Mortgage P&I
50%
$2,062
Property Taxes
6%
$265
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455