This property might be a fair Mid-Term investment with a projected 6.09% first-year return on $122k initial cash invested.
6.09%
Cash On Cash
8.13%
Cap Rate
1.34
DSCR
$5,589
Rent
$620
Cashflow
Cash Flow
$5,589 income − $4,969 expenses = $620 cash flow
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,200
Closing costs
1%
$4,960
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,589
Total Expenses
$4,969
Mortgage P&I
45%
$2,516
Property Taxes
7%
$376
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615