This property might be a fair Mid-Term investment with a projected 7.4% first-year return on $111k initial cash invested.
7.4%
Cash On Cash
9.01%
Cap Rate
1.38
DSCR
$5,758
Rent
$687
Cashflow
Cash Flow
$5,758 income − $5,071 expenses = $687 cash flow
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,758
Total Expenses
$5,071
Mortgage P&I
42%
$2,423
Property Taxes
9%
$535
Home Insurance
3%
$156
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633