This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $100k initial cash invested.
3.4%
Cash On Cash
7.97%
Cap Rate
1.23
DSCR
$4,863
Rent
$284
Cashflow
Cash Flow
$4,863 income − $4,579 expenses = $284 cash flow
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,863
Total Expenses
$4,579
Mortgage P&I
44%
$2,124
Property Taxes
14%
$660
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535