This property might be a fair Mid-Term investment with a projected 4.24% first-year return on $119k initial cash invested.
4.24%
Cash On Cash
7.69%
Cap Rate
1.26
DSCR
$5,632
Rent
$422
Cashflow
Cash Flow
$5,632 income − $5,210 expenses = $422 cash flow
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,580
Closing costs
1%
$4,829
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,632
Total Expenses
$5,210
Mortgage P&I
43%
$2,446
Property Taxes
10%
$563
Home Insurance
3%
$171
HOA
2%
$115
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620