This property might be a fair Mid-Term investment with a projected 4.45% first-year return on $165k initial cash invested.
4.45%
Cash On Cash
7.6%
Cap Rate
1.25
DSCR
$6,960
Rent
$611
Cashflow
Cash Flow
$6,960 income − $6,349 expenses = $611 cash flow
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,960
Total Expenses
$6,349
Mortgage P&I
51%
$3,539
Property Taxes
3%
$199
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$766