This property might be a fair Mid-Term investment with a projected 3.97% first-year return on $108k initial cash invested.
3.97%
Cash On Cash
7.71%
Cap Rate
1.26
DSCR
$5,240
Rent
$357
Cashflow
Cash Flow
$5,240 income − $4,883 expenses = $357 cash flow
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,620
Closing costs
1%
$4,281
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,240
Total Expenses
$4,883
Mortgage P&I
42%
$2,183
Property Taxes
14%
$757
Home Insurance
3%
$161
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576