This property might be a fair Mid-Term investment with a projected 0.93% first-year return on $159k initial cash invested.
0.93%
Cash On Cash
6.78%
Cap Rate
1.11
DSCR
$6,494
Rent
$123
Cashflow
Cash Flow
$6,494 income − $6,371 expenses = $123 cash flow
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,696
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,494
Total Expenses
$6,371
Mortgage P&I
52%
$3,402
Property Taxes
8%
$530
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$779
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$714