This property might be a fair Mid-Term investment with a projected 4.49% first-year return on $160k initial cash invested.
4.49%
Cash On Cash
7.99%
Cap Rate
1.24
DSCR
$7,034
Rent
$598
Cashflow
Cash Flow
$7,034 income − $6,436 expenses = $598 cash flow
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,034
Total Expenses
$6,436
Mortgage P&I
51%
$3,618
Property Taxes
3%
$191
Home Insurance
3%
$236
HOA
0%
$0
Property Management
12%
$844
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$774