This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $121k initial cash invested.
2.97%
Cash On Cash
7.67%
Cap Rate
1.19
DSCR
$5,294
Rent
$299
Cashflow
Cash Flow
$5,294 income − $4,995 expenses = $299 cash flow
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,294
Total Expenses
$4,995
Mortgage P&I
50%
$2,622
Property Taxes
8%
$401
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582