This property might be a fair Mid-Term investment with a projected 2.26% first-year return on $118k initial cash invested.
2.26%
Cash On Cash
7.15%
Cap Rate
1.17
DSCR
$4,755
Rent
$222
Cashflow
Cash Flow
$4,755 income − $4,533 expenses = $222 cash flow
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,755
Total Expenses
$4,533
Mortgage P&I
51%
$2,416
Property Taxes
7%
$334
Home Insurance
3%
$166
HOA
0%
$0
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523