This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $102k initial cash invested.
2.14%
Cash On Cash
7.14%
Cap Rate
1.17
DSCR
$4,054
Rent
$182
Cashflow
Cash Flow
$4,054 income − $3,872 expenses = $182 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,054
Total Expenses
$3,872
Mortgage P&I
50%
$2,035
Property Taxes
8%
$319
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446