This property might be a fair Mid-Term investment with a projected 5.3% first-year return on $148k initial cash invested.
5.3%
Cash On Cash
8.3%
Cap Rate
1.27
DSCR
$6,699
Rent
$656
Cashflow
Cash Flow
$6,699 income − $6,043 expenses = $656 cash flow
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,211
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,699
Total Expenses
$6,043
Mortgage P&I
50%
$3,374
Property Taxes
3%
$172
Home Insurance
3%
$219
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737