This property might be a fair Mid-Term investment with a projected 2.56% first-year return on $199k initial cash invested.
2.56%
Cash On Cash
7.66%
Cap Rate
1.17
DSCR
$9,288
Rent
$424
Cashflow
Cash Flow
$9,288 income − $8,864 expenses = $424 cash flow
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,620
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$9,288
Total Expenses
$8,864
Mortgage P&I
51%
$4,708
Property Taxes
7%
$683
Home Insurance
3%
$313
HOA
0%
$0
Property Management
12%
$1,115
CapEx
4%
$372
Vacancy
3%
$279
Maintenance
4%
$372
Other
11%
$1,022