This property might be a fair Mid-Term investment with a projected 7.44% first-year return on $116k initial cash invested.
7.44%
Cash On Cash
8.83%
Cap Rate
1.38
DSCR
$5,762
Rent
$717
Cashflow
Cash Flow
$5,762 income − $5,045 expenses = $717 cash flow
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,020
Closing costs
1%
$4,651
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,762
Total Expenses
$5,045
Mortgage P&I
43%
$2,474
Property Taxes
3%
$193
Home Insurance
3%
$175
HOA
4%
$245
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$634