This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $109k initial cash invested.
3.4%
Cash On Cash
7.91%
Cap Rate
1.22
DSCR
$5,328
Rent
$308
Cashflow
Cash Flow
$5,328 income − $5,020 expenses = $308 cash flow
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,500
Closing costs
1%
$4,325
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,328
Total Expenses
$5,020
Mortgage P&I
44%
$2,331
Property Taxes
14%
$729
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586