This property might be a fair Mid-Term investment with a projected 4.4% first-year return on $134k initial cash invested.
4.4%
Cash On Cash
7.7%
Cap Rate
1.26
DSCR
$6,150
Rent
$490
Cashflow
Cash Flow
$6,150 income − $5,660 expenses = $490 cash flow
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,512
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,150
Total Expenses
$5,660
Mortgage P&I
46%
$2,799
Property Taxes
9%
$548
Home Insurance
4%
$223
HOA
0%
$0
Property Management
12%
$738
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676