This property might be a fair Mid-Term investment with a projected 3.69% first-year return on $140k initial cash invested.
3.69%
Cash On Cash
7.78%
Cap Rate
1.22
DSCR
$6,286
Rent
$431
Cashflow
Cash Flow
$6,286 income − $5,855 expenses = $431 cash flow
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,286
Total Expenses
$5,855
Mortgage P&I
49%
$3,092
Property Taxes
7%
$421
Home Insurance
3%
$206
HOA
0%
$0
Property Management
12%
$754
CapEx
4%
$251
Vacancy
3%
$189
Maintenance
4%
$251
Other
11%
$691