This property might be a fair Mid-Term investment with a projected 3.94% first-year return on $119k initial cash invested.
3.94%
Cash On Cash
7.48%
Cap Rate
1.25
DSCR
$5,007
Rent
$390
Cashflow
Cash Flow
$5,007 income − $4,617 expenses = $390 cash flow
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,120
Closing costs
1%
$4,806
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,007
Total Expenses
$4,617
Mortgage P&I
48%
$2,407
Property Taxes
7%
$330
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551