This property might be a fair Mid-Term investment with a projected 3.34% first-year return on $105k initial cash invested.
3.34%
Cash On Cash
7.97%
Cap Rate
1.21
DSCR
$4,494
Rent
$293
Cashflow
Cash Flow
$4,494 income − $4,201 expenses = $293 cash flow
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$4,201
Mortgage P&I
51%
$2,283
Property Taxes
5%
$245
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494