This property might be a fair Mid-Term investment with a projected 0.92% first-year return on $107k initial cash invested.
0.92%
Cash On Cash
7.3%
Cap Rate
1.11
DSCR
$4,224
Rent
$82
Cashflow
Cash Flow
$4,224 income − $4,142 expenses = $82 cash flow
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,760
Closing costs
1%
$4,238
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,224
Total Expenses
$4,142
Mortgage P&I
55%
$2,326
Property Taxes
5%
$225
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465