This property might be a fair Mid-Term investment with a projected 2.02% first-year return on $104k initial cash invested.
2.02%
Cash On Cash
7.61%
Cap Rate
1.15
DSCR
$4,311
Rent
$174
Cashflow
Cash Flow
$4,311 income − $4,137 expenses = $174 cash flow
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,311
Total Expenses
$4,137
Mortgage P&I
52%
$2,239
Property Taxes
7%
$290
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474