This property might be a fair Mid-Term investment with a projected 6.46% first-year return on $154k initial cash invested.
6.46%
Cash On Cash
8.64%
Cap Rate
1.33
DSCR
$7,904
Rent
$829
Cashflow
Cash Flow
$7,904 income − $7,075 expenses = $829 cash flow
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,904
Total Expenses
$7,075
Mortgage P&I
44%
$3,516
Property Taxes
8%
$642
Home Insurance
3%
$231
HOA
0%
$0
Property Management
12%
$948
CapEx
4%
$316
Vacancy
3%
$237
Maintenance
4%
$316
Other
11%
$869