This property might be a fair Mid-Term investment with a projected 1.65% first-year return on $114k initial cash invested.
1.65%
Cash On Cash
6.97%
Cap Rate
1.14
DSCR
$4,389
Rent
$156
Cashflow
Cash Flow
$4,389 income − $4,233 expenses = $156 cash flow
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,040
Closing costs
1%
$4,552
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,389
Total Expenses
$4,233
Mortgage P&I
53%
$2,312
Property Taxes
6%
$266
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483