This property might be a fair Mid-Term investment with a projected 3.09% first-year return on $103k initial cash invested.
3.09%
Cash On Cash
7.57%
Cap Rate
1.2
DSCR
$4,020
Rent
$266
Cashflow
Cash Flow
$4,020 income − $3,754 expenses = $266 cash flow
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,240
Closing costs
1%
$4,062
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$3,754
Mortgage P&I
53%
$2,137
Property Taxes
3%
$101
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442