This property might be a fair Mid-Term investment with a projected 6.94% first-year return on $106k initial cash invested.
6.94%
Cash On Cash
8.45%
Cap Rate
1.38
DSCR
$4,816
Rent
$613
Cashflow
Cash Flow
$4,816 income − $4,203 expenses = $613 cash flow
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,816
Total Expenses
$4,203
Mortgage P&I
44%
$2,141
Property Taxes
6%
$274
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530