This property might be a fair Mid-Term investment with a projected 3.42% first-year return on $104k initial cash invested.
3.42%
Cash On Cash
7.81%
Cap Rate
1.21
DSCR
$4,246
Rent
$295
Cashflow
Cash Flow
$4,246 income − $3,951 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,520
Closing costs
1%
$4,076
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,246
Total Expenses
$3,951
Mortgage P&I
52%
$2,188
Property Taxes
4%
$174
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467