This property might be a fair Mid-Term investment with a projected 1.34% first-year return on $141k initial cash invested.
1.34%
Cash On Cash
6.96%
Cap Rate
1.14
DSCR
$6,742
Rent
$157
Cashflow
Cash Flow
$6,742 income − $6,585 expenses = $157 cash flow
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,835
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,742
Total Expenses
$6,585
Mortgage P&I
44%
$2,955
Property Taxes
6%
$390
Home Insurance
3%
$210
HOA
11%
$737
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742