This property might be a fair Mid-Term investment with a projected 1.48% first-year return on $157k initial cash invested.
1.48%
Cash On Cash
7.11%
Cap Rate
1.12
DSCR
$6,008
Rent
$193
Cashflow
Cash Flow
$6,008 income − $5,815 expenses = $193 cash flow
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,008
Total Expenses
$5,815
Mortgage P&I
58%
$3,477
Property Taxes
1%
$65
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661