This property might be a fair Mid-Term investment with a projected 1.85% first-year return on $117k initial cash invested.
1.85%
Cash On Cash
7.48%
Cap Rate
1.15
DSCR
$5,312
Rent
$180
Cashflow
Cash Flow
$5,312 income − $5,132 expenses = $180 cash flow
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,312
Total Expenses
$5,132
Mortgage P&I
48%
$2,538
Property Taxes
12%
$626
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584