This property might be a fair Mid-Term investment with a projected 8.15% first-year return on $105k initial cash invested.
8.15%
Cash On Cash
8.9%
Cap Rate
1.43
DSCR
$5,142
Rent
$710
Cashflow
Cash Flow
$5,142 income − $4,432 expenses = $710 cash flow
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,142
Total Expenses
$4,432
Mortgage P&I
42%
$2,142
Property Taxes
8%
$396
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566