This property might be a fair Mid-Term investment with a projected 6.15% first-year return on $191k initial cash invested.
6.15%
Cash On Cash
8.62%
Cap Rate
1.32
DSCR
$10,989
Rent
$981
Cashflow
Cash Flow
$10,989 income − $10,008 expenses = $981 cash flow
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,254
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,989
Total Expenses
$10,008
Mortgage P&I
41%
$4,505
Property Taxes
7%
$791
Home Insurance
3%
$302
HOA
6%
$672
Property Management
12%
$1,319
CapEx
4%
$440
Vacancy
3%
$330
Maintenance
4%
$440
Other
11%
$1,209