This property might be a fair Mid-Term investment with a projected 7.03% first-year return on $102k initial cash invested.
7.03%
Cash On Cash
8.91%
Cap Rate
1.37
DSCR
$5,334
Rent
$600
Cashflow
Cash Flow
$5,334 income − $4,734 expenses = $600 cash flow
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,440
Closing costs
1%
$4,022
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,334
Total Expenses
$4,734
Mortgage P&I
41%
$2,175
Property Taxes
12%
$650
Home Insurance
2%
$96
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587