This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $108k initial cash invested.
2.84%
Cash On Cash
7.28%
Cap Rate
1.19
DSCR
$4,124
Rent
$256
Cashflow
Cash Flow
$4,124 income − $3,868 expenses = $256 cash flow
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,124
Total Expenses
$3,868
Mortgage P&I
53%
$2,181
Property Taxes
3%
$134
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454