This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $120k initial cash invested.
3.1%
Cash On Cash
7.4%
Cap Rate
1.2
DSCR
$4,821
Rent
$311
Cashflow
Cash Flow
$4,821 income − $4,510 expenses = $311 cash flow
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,420
Closing costs
1%
$4,871
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,821
Total Expenses
$4,510
Mortgage P&I
52%
$2,500
Property Taxes
4%
$170
Home Insurance
4%
$175
HOA
1%
$25
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530