This property might be a fair Mid-Term investment with a projected 8.39% first-year return on $112k initial cash invested.
8.39%
Cash On Cash
9.32%
Cap Rate
1.4
DSCR
$5,367
Rent
$786
Cashflow
Cash Flow
$5,367 income − $4,581 expenses = $786 cash flow
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,367
Total Expenses
$4,581
Mortgage P&I
46%
$2,493
Property Taxes
2%
$105
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590