This property might be a fair Mid-Term investment with a projected 9.68% first-year return on $119k initial cash invested.
9.68%
Cash On Cash
8.94%
Cap Rate
1.5
DSCR
$5,757
Rent
$961
Cashflow
Cash Flow
$5,757 income − $4,796 expenses = $961 cash flow
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,360
Closing costs
1%
$4,818
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,757
Total Expenses
$4,796
Mortgage P&I
42%
$2,398
Property Taxes
5%
$266
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633