This property might be a fair Mid-Term investment with a projected 6.81% first-year return on $115k initial cash invested.
6.81%
Cash On Cash
8.41%
Cap Rate
1.38
DSCR
$6,096
Rent
$654
Cashflow
Cash Flow
$6,096 income − $5,442 expenses = $654 cash flow
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,600
Closing costs
1%
$4,630
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,096
Total Expenses
$5,442
Mortgage P&I
38%
$2,346
Property Taxes
14%
$860
Home Insurance
3%
$162
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671