This property might be a fair Long-Term investment with a projected 9.25% first-year return on $129k initial cash invested.
9.25%
Cash On Cash
9.21%
Cap Rate
1.39
DSCR
$6,772
Rent
$997
Cashflow
Cash Flow
$6,772 income − $5,775 expenses = $997 cash flow
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,772
Total Expenses
$5,775
Mortgage P&I
50%
$3,393
Property Taxes
7%
$446
Home Insurance
3%
$175
HOA
0%
$0
Property Management
10%
$677
CapEx
5%
$339
Vacancy
6%
$406
Maintenance
5%
$339
Other
0%
$0