This property might be a fair Mid-Term investment with a projected 7.4% first-year return on $143k initial cash invested.
7.4%
Cash On Cash
8.77%
Cap Rate
1.37
DSCR
$7,479
Rent
$880
Cashflow
Cash Flow
$7,479 income − $6,599 expenses = $880 cash flow
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,934
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,479
Total Expenses
$6,599
Mortgage P&I
42%
$3,158
Property Taxes
4%
$292
Home Insurance
3%
$206
HOA
5%
$401
Property Management
12%
$897
CapEx
4%
$299
Vacancy
3%
$224
Maintenance
4%
$299
Other
11%
$823