This property might be a fair Mid-Term investment with a projected 3.59% first-year return on $118k initial cash invested.
3.59%
Cash On Cash
8.01%
Cap Rate
1.21
DSCR
$5,205
Rent
$354
Cashflow
Cash Flow
$5,205 income − $4,851 expenses = $354 cash flow
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,680
Closing costs
1%
$4,784
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,205
Total Expenses
$4,851
Mortgage P&I
51%
$2,632
Property Taxes
5%
$277
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573