This property might be a fair Mid-Term investment with a projected 1.98% first-year return on $216k initial cash invested.
1.98%
Cash On Cash
6.97%
Cap Rate
1.15
DSCR
$8,756
Rent
$358
Cashflow
Cash Flow
$8,756 income − $8,398 expenses = $358 cash flow
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,756
Total Expenses
$8,398
Mortgage P&I
55%
$4,777
Property Taxes
4%
$313
Home Insurance
4%
$331
HOA
0%
$0
Property Management
12%
$1,051
CapEx
4%
$350
Vacancy
3%
$263
Maintenance
4%
$350
Other
11%
$963