This property might be a fair Mid-Term investment with a projected 2.15% first-year return on $158k initial cash invested.
2.15%
Cash On Cash
7.06%
Cap Rate
1.16
DSCR
$6,700
Rent
$282
Cashflow
Cash Flow
$6,700 income − $6,418 expenses = $282 cash flow
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,647
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,700
Total Expenses
$6,418
Mortgage P&I
50%
$3,360
Property Taxes
8%
$544
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737