This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $110k initial cash invested.
2.85%
Cash On Cash
7.68%
Cap Rate
1.19
DSCR
$4,830
Rent
$260
Cashflow
Cash Flow
$4,830 income − $4,570 expenses = $260 cash flow
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,240
Closing costs
1%
$4,362
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,830
Total Expenses
$4,570
Mortgage P&I
48%
$2,339
Property Taxes
9%
$435
Home Insurance
3%
$154
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531