This property might be a fair Mid-Term investment with a projected 3.08% first-year return on $102k initial cash invested.
3.08%
Cash On Cash
7.87%
Cap Rate
1.2
DSCR
$4,564
Rent
$263
Cashflow
Cash Flow
$4,564 income − $4,301 expenses = $263 cash flow
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,360
Closing costs
1%
$4,018
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,564
Total Expenses
$4,301
Mortgage P&I
48%
$2,189
Property Taxes
9%
$409
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502