This property might be a fair Mid-Term investment with a projected 7.34% first-year return on $107k initial cash invested.
7.34%
Cash On Cash
8.54%
Cap Rate
1.39
DSCR
$4,666
Rent
$656
Cashflow
Cash Flow
$4,666 income − $4,010 expenses = $656 cash flow
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,666
Total Expenses
$4,010
Mortgage P&I
47%
$2,182
Property Taxes
2%
$92
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513