This property might be a fair Mid-Term investment with a projected 8.22% first-year return on $123k initial cash invested.
8.22%
Cash On Cash
9.05%
Cap Rate
1.41
DSCR
$6,276
Rent
$842
Cashflow
Cash Flow
$6,276 income − $5,434 expenses = $842 cash flow
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,955
Closing costs
1%
$4,998
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,276
Total Expenses
$5,434
Mortgage P&I
43%
$2,675
Property Taxes
7%
$451
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$690