This property might be a fair Mid-Term investment with a projected 5.99% first-year return on $102k initial cash invested.
5.99%
Cash On Cash
8.19%
Cap Rate
1.33
DSCR
$4,347
Rent
$507
Cashflow
Cash Flow
$4,347 income − $3,840 expenses = $507 cash flow
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,660
Closing costs
1%
$3,983
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,347
Total Expenses
$3,840
Mortgage P&I
47%
$2,038
Property Taxes
3%
$119
Home Insurance
4%
$161
HOA
1%
$44
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478