This property might be a fair Mid-Term investment with a projected 4.44% first-year return on $120k initial cash invested.
4.44%
Cash On Cash
8.27%
Cap Rate
1.24
DSCR
$5,313
Rent
$443
Cashflow
Cash Flow
$5,313 income − $4,870 expenses = $443 cash flow
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,313
Total Expenses
$4,870
Mortgage P&I
51%
$2,685
Property Taxes
4%
$208
Home Insurance
3%
$170
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$584