This property might be a fair Mid-Term investment with a projected 2.09% first-year return on $102k initial cash invested.
2.09%
Cash On Cash
7.81%
Cap Rate
1.15
DSCR
$4,258
Rent
$177
Cashflow
Cash Flow
$4,258 income − $4,081 expenses = $177 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,258
Total Expenses
$4,081
Mortgage P&I
53%
$2,251
Property Taxes
6%
$243
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468