This property might be a fair Mid-Term investment with a projected 10% first-year return on $121k initial cash invested.
10%
Cash On Cash
9.26%
Cap Rate
1.51
DSCR
$6,700
Rent
$1,006
Cashflow
Cash Flow
$6,700 income − $5,694 expenses = $1,006 cash flow
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,700
Total Expenses
$5,694
Mortgage P&I
37%
$2,500
Property Taxes
11%
$744
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737