This property might be a fair Mid-Term investment with a projected 1.61% first-year return on $199k initial cash invested.
1.61%
Cash On Cash
6.86%
Cap Rate
1.14
DSCR
$8,220
Rent
$266
Cashflow
Cash Flow
$8,220 income − $7,954 expenses = $266 cash flow
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,601
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,220
Total Expenses
$7,954
Mortgage P&I
53%
$4,321
Property Taxes
6%
$532
Home Insurance
4%
$306
HOA
0%
$0
Property Management
12%
$986
CapEx
4%
$329
Vacancy
3%
$247
Maintenance
4%
$329
Other
11%
$904