This property might be a fair Mid-Term investment with a projected 2.54% first-year return on $140k initial cash invested.
2.54%
Cash On Cash
7.74%
Cap Rate
1.17
DSCR
$5,952
Rent
$296
Cashflow
Cash Flow
$5,952 income − $5,656 expenses = $296 cash flow
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,807
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,952
Total Expenses
$5,656
Mortgage P&I
54%
$3,211
Property Taxes
4%
$220
Home Insurance
3%
$201
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$655