This property might be a fair Mid-Term investment with a projected 1.53% first-year return on $106k initial cash invested.
1.53%
Cash On Cash
7.48%
Cap Rate
1.14
DSCR
$4,550
Rent
$135
Cashflow
Cash Flow
$4,550 income − $4,415 expenses = $135 cash flow
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,550
Total Expenses
$4,415
Mortgage P&I
51%
$2,302
Property Taxes
9%
$420
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500