This property might be a fair Mid-Term investment with a projected 2.05% first-year return on $121k initial cash invested.
2.05%
Cash On Cash
7.63%
Cap Rate
1.15
DSCR
$5,272
Rent
$208
Cashflow
Cash Flow
$5,272 income − $5,064 expenses = $208 cash flow
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,560
Closing costs
1%
$4,928
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,272
Total Expenses
$5,064
Mortgage P&I
52%
$2,715
Property Taxes
7%
$386
Home Insurance
3%
$170
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580