This property might be a fair Mid-Term investment with a projected 7.21% first-year return on $109k initial cash invested.
7.21%
Cash On Cash
8.54%
Cap Rate
1.4
DSCR
$5,440
Rent
$653
Cashflow
Cash Flow
$5,440 income − $4,787 expenses = $653 cash flow
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,420
Closing costs
1%
$4,321
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,440
Total Expenses
$4,787
Mortgage P&I
41%
$2,204
Property Taxes
11%
$576
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598