This property might be a fair Mid-Term investment with a projected 6.39% first-year return on $103k initial cash invested.
6.39%
Cash On Cash
8.72%
Cap Rate
1.34
DSCR
$4,863
Rent
$549
Cashflow
Cash Flow
$4,863 income − $4,314 expenses = $549 cash flow
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,080
Closing costs
1%
$4,054
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,863
Total Expenses
$4,314
Mortgage P&I
45%
$2,203
Property Taxes
6%
$294
Home Insurance
3%
$147
HOA
0%
$15
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535