This property might be a fair Mid-Term investment with a projected 2.86% first-year return on $110k initial cash invested.
2.86%
Cash On Cash
7.35%
Cap Rate
1.2
DSCR
$4,620
Rent
$262
Cashflow
Cash Flow
$4,620 income − $4,358 expenses = $262 cash flow
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,440
Closing costs
1%
$4,372
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,620
Total Expenses
$4,358
Mortgage P&I
48%
$2,231
Property Taxes
9%
$396
Home Insurance
3%
$160
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508