This property might be a fair Mid-Term investment with a projected 5.2% first-year return on $146k initial cash invested.
5.2%
Cash On Cash
8.38%
Cap Rate
1.28
DSCR
$7,236
Rent
$632
Cashflow
Cash Flow
$7,236 income − $6,604 expenses = $632 cash flow
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,088
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,236
Total Expenses
$6,604
Mortgage P&I
46%
$3,329
Property Taxes
7%
$500
Home Insurance
3%
$236
HOA
1%
$80
Property Management
12%
$868
CapEx
4%
$289
Vacancy
3%
$217
Maintenance
4%
$289
Other
11%
$796