This property might be a fair Mid-Term investment with a projected 8.53% first-year return on $119k initial cash invested.
8.53%
Cash On Cash
9.18%
Cap Rate
1.42
DSCR
$6,144
Rent
$844
Cashflow
Cash Flow
$6,144 income − $5,300 expenses = $844 cash flow
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,144
Total Expenses
$5,300
Mortgage P&I
42%
$2,583
Property Taxes
7%
$460
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676