This property might be a fair Mid-Term investment with a projected 1.6% first-year return on $154k initial cash invested.
1.6%
Cash On Cash
7.25%
Cap Rate
1.15
DSCR
$7,334
Rent
$206
Cashflow
Cash Flow
$7,334 income − $7,128 expenses = $206 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
$7,334
Total Expenses
$7,128
Mortgage P&I
47%
$3,420
Property Taxes
13%
$988
Home Insurance
3%
$227
HOA
0%
$0
Property Management
12%
$880
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$807