This property might be a fair Mid-Term investment with a projected 3.47% first-year return on $102k initial cash invested.
3.47%
Cash On Cash
7.59%
Cap Rate
1.22
DSCR
$4,174
Rent
$295
Cashflow
Cash Flow
$4,174 income − $3,879 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,174
Total Expenses
$3,879
Mortgage P&I
49%
$2,065
Property Taxes
5%
$229
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459