This property might be a fair Mid-Term investment with a projected 1.96% first-year return on $103k initial cash invested.
1.96%
Cash On Cash
7.5%
Cap Rate
1.16
DSCR
$4,464
Rent
$169
Cashflow
Cash Flow
$4,464 income − $4,295 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,220
Closing costs
1%
$4,061
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,464
Total Expenses
$4,295
Mortgage P&I
49%
$2,189
Property Taxes
9%
$381
Home Insurance
3%
$154
HOA
1%
$52
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491