This property might be a fair Mid-Term investment with a projected 2.71% first-year return on $115k initial cash invested.
2.71%
Cash On Cash
7.36%
Cap Rate
1.19
DSCR
$4,718
Rent
$260
Cashflow
Cash Flow
$4,718 income − $4,458 expenses = $260 cash flow
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,718
Total Expenses
$4,458
Mortgage P&I
51%
$2,394
Property Taxes
6%
$301
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519