This property might be a fair Mid-Term investment with a projected 2.73% first-year return on $102k initial cash invested.
2.73%
Cash On Cash
7.61%
Cap Rate
1.19
DSCR
$4,222
Rent
$232
Cashflow
Cash Flow
$4,222 income − $3,990 expenses = $232 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,222
Total Expenses
$3,990
Mortgage P&I
51%
$2,135
Property Taxes
7%
$279
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464