This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $106k initial cash invested.
2.38%
Cash On Cash
7.31%
Cap Rate
1.17
DSCR
$4,164
Rent
$211
Cashflow
Cash Flow
$4,164 income − $3,953 expenses = $211 cash flow
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,164
Total Expenses
$3,953
Mortgage P&I
52%
$2,182
Property Taxes
5%
$207
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458