This property might be a fair Mid-Term investment with a projected 1.92% first-year return on $148k initial cash invested.
1.92%
Cash On Cash
7.05%
Cap Rate
1.15
DSCR
$6,250
Rent
$237
Cashflow
Cash Flow
$6,250 income − $6,013 expenses = $237 cash flow
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,250
Total Expenses
$6,013
Mortgage P&I
50%
$3,154
Property Taxes
8%
$516
Home Insurance
3%
$217
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688