This property might be a fair Mid-Term investment with a projected 3.49% first-year return on $123k initial cash invested.
3.49%
Cash On Cash
7.64%
Cap Rate
1.22
DSCR
$5,596
Rent
$358
Cashflow
Cash Flow
$5,596 income − $5,238 expenses = $358 cash flow
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,596
Total Expenses
$5,238
Mortgage P&I
46%
$2,600
Property Taxes
10%
$556
Home Insurance
3%
$178
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616