This property might be a fair Mid-Term investment with a projected 2.79% first-year return on $164k initial cash invested.
2.79%
Cash On Cash
7.56%
Cap Rate
1.18
DSCR
$7,048
Rent
$381
Cashflow
Cash Flow
$7,048 income − $6,667 expenses = $381 cash flow
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,946
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,048
Total Expenses
$6,667
Mortgage P&I
53%
$3,715
Property Taxes
4%
$297
Home Insurance
4%
$259
HOA
0%
$0
Property Management
12%
$846
CapEx
4%
$282
Vacancy
3%
$211
Maintenance
4%
$282
Other
11%
$775