This property might be a fair Mid-Term investment with a projected 2.02% first-year return on $124k initial cash invested.
2.02%
Cash On Cash
7.19%
Cap Rate
1.17
DSCR
$5,906
Rent
$209
Cashflow
Cash Flow
$5,906 income − $5,697 expenses = $209 cash flow
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,051
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,906
Total Expenses
$5,697
Mortgage P&I
44%
$2,582
Property Taxes
16%
$932
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$709
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$650