This property might be a fair Mid-Term investment with a projected 2.76% first-year return on $106k initial cash invested.
2.76%
Cash On Cash
7.68%
Cap Rate
1.2
DSCR
$4,978
Rent
$244
Cashflow
Cash Flow
$4,978 income − $4,734 expenses = $244 cash flow
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,978
Total Expenses
$4,734
Mortgage P&I
45%
$2,243
Property Taxes
13%
$650
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548