This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $124k initial cash invested.
3.14%
Cash On Cash
7.9%
Cap Rate
1.2
DSCR
$5,502
Rent
$325
Cashflow
Cash Flow
$5,502 income − $5,177 expenses = $325 cash flow
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,502
Total Expenses
$5,177
Mortgage P&I
51%
$2,784
Property Taxes
5%
$266
Home Insurance
3%
$184
HOA
1%
$73
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605