This property might be a fair Mid-Term investment with a projected 7.15% first-year return on $116k initial cash invested.
7.15%
Cash On Cash
9.13%
Cap Rate
1.36
DSCR
$6,188
Rent
$689
Cashflow
Cash Flow
$6,188 income − $5,499 expenses = $689 cash flow
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,060
Closing costs
1%
$4,653
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,188
Total Expenses
$5,499
Mortgage P&I
42%
$2,603
Property Taxes
10%
$624
Home Insurance
3%
$166
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681