This property might be a fair Mid-Term investment with a projected 5% first-year return on $105k initial cash invested.
5%
Cash On Cash
8.15%
Cap Rate
1.28
DSCR
$4,588
Rent
$437
Cashflow
Cash Flow
$4,588 income − $4,151 expenses = $437 cash flow
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,700
Closing costs
1%
$4,135
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,588
Total Expenses
$4,151
Mortgage P&I
48%
$2,187
Property Taxes
6%
$255
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505