This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $154k initial cash invested.
2.13%
Cash On Cash
7.29%
Cap Rate
1.15
DSCR
$6,298
Rent
$274
Cashflow
Cash Flow
$6,298 income − $6,024 expenses = $274 cash flow
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,298
Total Expenses
$6,024
Mortgage P&I
54%
$3,415
Property Taxes
3%
$220
Home Insurance
4%
$227
HOA
0%
$20
Property Management
12%
$756
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$693