This property might be a fair Mid-Term investment with a projected 2.88% first-year return on $164k initial cash invested.
2.88%
Cash On Cash
7.82%
Cap Rate
1.19
DSCR
$8,424
Rent
$394
Cashflow
Cash Flow
$8,424 income − $8,030 expenses = $394 cash flow
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,971
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$8,424
Total Expenses
$8,030
Mortgage P&I
45%
$3,812
Property Taxes
12%
$1,047
Home Insurance
3%
$250
HOA
1%
$56
Property Management
12%
$1,011
CapEx
4%
$337
Vacancy
3%
$253
Maintenance
4%
$337
Other
11%
$927