This property might be a fair Mid-Term investment with a projected 4.48% first-year return on $121k initial cash invested.
4.48%
Cash On Cash
7.82%
Cap Rate
1.27
DSCR
$5,634
Rent
$451
Cashflow
Cash Flow
$5,634 income − $5,183 expenses = $451 cash flow
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,634
Total Expenses
$5,183
Mortgage P&I
45%
$2,515
Property Taxes
10%
$581
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620