This property might be a fair Mid-Term investment with a projected 1.6% first-year return on $105k initial cash invested.
1.6%
Cash On Cash
7.23%
Cap Rate
1.13
DSCR
$3,868
Rent
$140
Cashflow
Cash Flow
$3,868 income − $3,728 expenses = $140 cash flow
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,868
Total Expenses
$3,728
Mortgage P&I
57%
$2,207
Property Taxes
1%
$55
Home Insurance
3%
$126
HOA
1%
$25
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425