This property might be a fair Mid-Term investment with a projected 1.28% first-year return on $140k initial cash invested.
1.28%
Cash On Cash
7.08%
Cap Rate
1.13
DSCR
$6,272
Rent
$149
Cashflow
Cash Flow
$6,272 income − $6,123 expenses = $149 cash flow
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,272
Total Expenses
$6,123
Mortgage P&I
48%
$3,015
Property Taxes
12%
$772
Home Insurance
3%
$203
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$690