This property might be a fair Mid-Term investment with a projected 3.69% first-year return on $120k initial cash invested.
3.69%
Cash On Cash
7.53%
Cap Rate
1.24
DSCR
$5,436
Rent
$368
Cashflow
Cash Flow
$5,436 income − $5,068 expenses = $368 cash flow
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,820
Closing costs
1%
$4,841
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,436
Total Expenses
$5,068
Mortgage P&I
45%
$2,454
Property Taxes
11%
$604
Home Insurance
3%
$163
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598