This property might be a fair Mid-Term investment with a projected 2.03% first-year return on $134k initial cash invested.
2.03%
Cash On Cash
7.3%
Cap Rate
1.16
DSCR
$5,718
Rent
$227
Cashflow
Cash Flow
$5,718 income − $5,491 expenses = $227 cash flow
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,520
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,718
Total Expenses
$5,491
Mortgage P&I
51%
$2,904
Property Taxes
7%
$397
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629