This property might be a fair Mid-Term investment with a projected 8.54% first-year return on $136k initial cash invested.
8.54%
Cash On Cash
9.01%
Cap Rate
1.42
DSCR
$7,078
Rent
$970
Cashflow
Cash Flow
$7,078 income − $6,108 expenses = $970 cash flow
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,630
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,078
Total Expenses
$6,108
Mortgage P&I
42%
$2,973
Property Taxes
7%
$526
Home Insurance
3%
$203
HOA
0%
$0
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$779