This property might be a fair Mid-Term investment with a projected 2.65% first-year return on $153k initial cash invested.
2.65%
Cash On Cash
7.6%
Cap Rate
1.17
DSCR
$6,434
Rent
$339
Cashflow
Cash Flow
$6,434 income − $6,095 expenses = $339 cash flow
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,434
Total Expenses
$6,095
Mortgage P&I
54%
$3,489
Property Taxes
3%
$193
Home Insurance
4%
$226
HOA
0%
$0
Property Management
12%
$772
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$708