This property might be a fair Mid-Term investment with a projected 1.42% first-year return on $105k initial cash invested.
1.42%
Cash On Cash
7.21%
Cap Rate
1.14
DSCR
$4,350
Rent
$124
Cashflow
Cash Flow
$4,350 income − $4,226 expenses = $124 cash flow
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$4,226
Mortgage P&I
50%
$2,195
Property Taxes
9%
$408
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478