This property might be a fair Mid-Term investment with a projected 3.12% first-year return on $140k initial cash invested.
3.12%
Cash On Cash
7.88%
Cap Rate
1.19
DSCR
$6,378
Rent
$363
Cashflow
Cash Flow
$6,378 income − $6,015 expenses = $363 cash flow
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,378
Total Expenses
$6,015
Mortgage P&I
50%
$3,188
Property Taxes
6%
$366
Home Insurance
3%
$203
HOA
1%
$90
Property Management
12%
$765
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$702