This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $126k initial cash invested.
3.5%
Cash On Cash
7.7%
Cap Rate
1.22
DSCR
$5,650
Rent
$369
Cashflow
Cash Flow
$5,650 income − $5,281 expenses = $369 cash flow
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,162
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,650
Total Expenses
$5,281
Mortgage P&I
48%
$2,717
Property Taxes
8%
$467
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622