This property might be a fair Mid-Term investment with a projected 0.98% first-year return on $144k initial cash invested.
0.98%
Cash On Cash
7.26%
Cap Rate
1.12
DSCR
$6,560
Rent
$118
Cashflow
Cash Flow
$6,560 income − $6,442 expenses = $118 cash flow
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,560
Total Expenses
$6,442
Mortgage P&I
50%
$3,250
Property Taxes
11%
$752
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$787
CapEx
4%
$262
Vacancy
3%
$197
Maintenance
4%
$262
Other
11%
$722