This property might be a fair Mid-Term investment with a projected 6.4% first-year return on $111k initial cash invested.
6.4%
Cash On Cash
8.32%
Cap Rate
1.35
DSCR
$5,190
Rent
$592
Cashflow
Cash Flow
$5,190 income − $4,598 expenses = $592 cash flow
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,190
Total Expenses
$4,598
Mortgage P&I
44%
$2,269
Property Taxes
9%
$441
Home Insurance
2%
$122
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571