This property might be a fair Mid-Term investment with a projected 2.79% first-year return on $102k initial cash invested.
2.79%
Cash On Cash
7.63%
Cap Rate
1.19
DSCR
$4,312
Rent
$238
Cashflow
Cash Flow
$4,312 income − $4,074 expenses = $238 cash flow
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,260
Closing costs
1%
$4,013
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$4,074
Mortgage P&I
50%
$2,140
Property Taxes
8%
$330
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474