This property might be a fair Mid-Term investment with a projected 3.85% first-year return on $107k initial cash invested.
3.85%
Cash On Cash
7.97%
Cap Rate
1.23
DSCR
$4,680
Rent
$343
Cashflow
Cash Flow
$4,680 income − $4,337 expenses = $343 cash flow
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,680
Total Expenses
$4,337
Mortgage P&I
49%
$2,282
Property Taxes
5%
$250
Home Insurance
3%
$149
HOA
1%
$65
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515