This property might be a fair Mid-Term investment with a projected 2.87% first-year return on $154k initial cash invested.
2.87%
Cash On Cash
7.77%
Cap Rate
1.19
DSCR
$7,346
Rent
$369
Cashflow
Cash Flow
$7,346 income − $6,977 expenses = $369 cash flow
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.2%
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
$7,346
Total Expenses
$6,977
Mortgage P&I
48%
$3,538
Property Taxes
10%
$714
Home Insurance
3%
$227
HOA
0%
$0
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$808