This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $116k initial cash invested.
2.85%
Cash On Cash
7.78%
Cap Rate
1.19
DSCR
$5,070
Rent
$275
Cashflow
Cash Flow
$5,070 income − $4,795 expenses = $275 cash flow
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,080
Closing costs
1%
$4,654
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,070
Total Expenses
$4,795
Mortgage P&I
50%
$2,540
Property Taxes
7%
$347
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558