This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $111k initial cash invested.
6.62%
Cash On Cash
8.9%
Cap Rate
1.34
DSCR
$5,668
Rent
$615
Cashflow
Cash Flow
$5,668 income − $5,053 expenses = $615 cash flow
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,668
Total Expenses
$5,053
Mortgage P&I
43%
$2,459
Property Taxes
9%
$511
Home Insurance
3%
$156
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623