This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $152k initial cash invested.
2.38%
Cash On Cash
7.14%
Cap Rate
1.17
DSCR
$6,502
Rent
$303
Cashflow
Cash Flow
$6,502 income − $6,199 expenses = $303 cash flow
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,404
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,502
Total Expenses
$6,199
Mortgage P&I
50%
$3,250
Property Taxes
8%
$512
Home Insurance
3%
$227
HOA
0%
$0
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715