This property might be a fair Mid-Term investment with a projected 9.59% first-year return on $122k initial cash invested.
9.59%
Cash On Cash
9.3%
Cap Rate
1.47
DSCR
$6,422
Rent
$976
Cashflow
Cash Flow
$6,422 income − $5,446 expenses = $976 cash flow
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,422
Total Expenses
$5,446
Mortgage P&I
41%
$2,609
Property Taxes
7%
$469
Home Insurance
3%
$184
HOA
0%
$0
Property Management
12%
$771
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$706