This property might be a fair Mid-Term investment with a projected 6.57% first-year return on $116k initial cash invested.
6.57%
Cash On Cash
8.41%
Cap Rate
1.34
DSCR
$5,001
Rent
$637
Cashflow
Cash Flow
$5,001 income − $4,364 expenses = $637 cash flow
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,620
Closing costs
1%
$4,681
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,001
Total Expenses
$4,364
Mortgage P&I
49%
$2,444
Property Taxes
1%
$42
Home Insurance
3%
$166
HOA
0%
$12
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550