This property might be a fair Mid-Term investment with a projected 3.9% first-year return on $163k initial cash invested.
3.9%
Cash On Cash
7.99%
Cap Rate
1.22
DSCR
$7,083
Rent
$528
Cashflow
Cash Flow
$7,083 income − $6,555 expenses = $528 cash flow
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,881
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,083
Total Expenses
$6,555
Mortgage P&I
53%
$3,771
Property Taxes
2%
$132
Home Insurance
3%
$245
HOA
0%
$0
Property Management
12%
$850
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$779