This property might be a fair Mid-Term investment with a projected 6.2% first-year return on $149k initial cash invested.
6.2%
Cash On Cash
8.56%
Cap Rate
1.32
DSCR
$7,948
Rent
$768
Cashflow
Cash Flow
$7,948 income − $7,180 expenses = $768 cash flow
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,222
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,948
Total Expenses
$7,180
Mortgage P&I
42%
$3,350
Property Taxes
8%
$609
Home Insurance
3%
$219
HOA
4%
$300
Property Management
12%
$954
CapEx
4%
$318
Vacancy
3%
$238
Maintenance
4%
$318
Other
11%
$874