This property might be a fair Mid-Term investment with a projected 0.6% first-year return on $121k initial cash invested.
0.6%
Cash On Cash
6.57%
Cap Rate
1.1
DSCR
$4,656
Rent
$61
Cashflow
Cash Flow
$4,656 income − $4,595 expenses = $61 cash flow
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,320
Closing costs
1%
$4,916
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,656
Total Expenses
$4,595
Mortgage P&I
53%
$2,446
Property Taxes
9%
$426
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512