This property might be a fair Mid-Term investment with a projected 1.51% first-year return on $119k initial cash invested.
1.51%
Cash On Cash
7.07%
Cap Rate
1.15
DSCR
$5,520
Rent
$150
Cashflow
Cash Flow
$5,520 income − $5,370 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,580
Closing costs
1%
$4,829
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,520
Total Expenses
$5,370
Mortgage P&I
45%
$2,473
Property Taxes
15%
$845
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$607