This property might be a fair Mid-Term investment with a projected 2.33% first-year return on $124k initial cash invested.
2.33%
Cash On Cash
7.23%
Cap Rate
1.17
DSCR
$5,241
Rent
$241
Cashflow
Cash Flow
$5,241 income − $5,000 expenses = $241 cash flow
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,241
Total Expenses
$5,000
Mortgage P&I
49%
$2,590
Property Taxes
9%
$447
Home Insurance
3%
$180
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577