This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $106k initial cash invested.
6.29%
Cash On Cash
8.62%
Cap Rate
1.34
DSCR
$5,100
Rent
$557
Cashflow
Cash Flow
$5,100 income − $4,543 expenses = $557 cash flow
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,100
Closing costs
1%
$4,205
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,100
Total Expenses
$4,543
Mortgage P&I
44%
$2,259
Property Taxes
8%
$410
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561