This property might be a fair Mid-Term investment with a projected 7.24% first-year return on $120k initial cash invested.
7.24%
Cash On Cash
8.86%
Cap Rate
1.37
DSCR
$6,111
Rent
$726
Cashflow
Cash Flow
$6,111 income − $5,385 expenses = $726 cash flow
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,111
Total Expenses
$5,385
Mortgage P&I
43%
$2,628
Property Taxes
8%
$506
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672