This property might be a fair Mid-Term investment with a projected 1.94% first-year return on $105k initial cash invested.
1.94%
Cash On Cash
7.33%
Cap Rate
1.16
DSCR
$4,329
Rent
$170
Cashflow
Cash Flow
$4,329 income − $4,159 expenses = $170 cash flow
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,329
Total Expenses
$4,159
Mortgage P&I
51%
$2,192
Property Taxes
8%
$351
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476