This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $108k initial cash invested.
3.4%
Cash On Cash
7.78%
Cap Rate
1.22
DSCR
$4,734
Rent
$306
Cashflow
Cash Flow
$4,734 income − $4,428 expenses = $306 cash flow
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,620
Closing costs
1%
$4,281
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,734
Total Expenses
$4,428
Mortgage P&I
48%
$2,280
Property Taxes
8%
$381
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521