This property might be a fair Mid-Term investment with a projected 5.96% first-year return on $119k initial cash invested.
5.96%
Cash On Cash
8.04%
Cap Rate
1.33
DSCR
$5,145
Rent
$589
Cashflow
Cash Flow
$5,145 income − $4,556 expenses = $589 cash flow
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,820
Closing costs
1%
$4,791
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,145
Total Expenses
$4,556
Mortgage P&I
47%
$2,413
Property Taxes
4%
$191
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566