This property might be a fair Mid-Term investment with a projected 2.05% first-year return on $142k initial cash invested.
2.05%
Cash On Cash
7.56%
Cap Rate
1.15
DSCR
$6,338
Rent
$242
Cashflow
Cash Flow
$6,338 income − $6,096 expenses = $242 cash flow
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,338
Total Expenses
$6,096
Mortgage P&I
51%
$3,211
Property Taxes
8%
$519
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$697