This property might be a fair Mid-Term investment with a projected 8.95% first-year return on $133k initial cash invested.
8.95%
Cash On Cash
9.31%
Cap Rate
1.44
DSCR
$7,690
Rent
$993
Cashflow
Cash Flow
$7,690 income − $6,697 expenses = $993 cash flow
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,486
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,690
Total Expenses
$6,697
Mortgage P&I
38%
$2,953
Property Taxes
12%
$922
Home Insurance
3%
$206
HOA
0%
$0
Property Management
12%
$923
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$846