This property might be a fair Mid-Term investment with a projected 2.56% first-year return on $159k initial cash invested.
2.56%
Cash On Cash
7.19%
Cap Rate
1.18
DSCR
$7,014
Rent
$338
Cashflow
Cash Flow
$7,014 income − $6,676 expenses = $338 cash flow
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,695
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,014
Total Expenses
$6,676
Mortgage P&I
48%
$3,394
Property Taxes
9%
$655
Home Insurance
3%
$241
HOA
0%
$0
Property Management
12%
$842
CapEx
4%
$281
Vacancy
3%
$210
Maintenance
4%
$281
Other
11%
$772