This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $144k initial cash invested.
2.9%
Cash On Cash
7.65%
Cap Rate
1.19
DSCR
$6,592
Rent
$348
Cashflow
Cash Flow
$6,592 income − $6,244 expenses = $348 cash flow
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,592
Total Expenses
$6,244
Mortgage P&I
49%
$3,208
Property Taxes
9%
$584
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725