This property might be a fair Mid-Term investment with a projected 3.04% first-year return on $119k initial cash invested.
3.04%
Cash On Cash
7.78%
Cap Rate
1.19
DSCR
$5,037
Rent
$302
Cashflow
Cash Flow
$5,037 income − $4,735 expenses = $302 cash flow
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,480
Closing costs
1%
$4,824
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,037
Total Expenses
$4,735
Mortgage P&I
52%
$2,625
Property Taxes
4%
$207
Home Insurance
3%
$175
HOA
0%
$17
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554