This property might be a fair Mid-Term investment with a projected 5.98% first-year return on $104k initial cash invested.
5.98%
Cash On Cash
8.38%
Cap Rate
1.33
DSCR
$4,840
Rent
$517
Cashflow
Cash Flow
$4,840 income − $4,323 expenses = $517 cash flow
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,740
Closing costs
1%
$4,087
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,840
Total Expenses
$4,323
Mortgage P&I
44%
$2,142
Property Taxes
8%
$395
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$532