This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $129k initial cash invested.
2.63%
Cash On Cash
7.22%
Cap Rate
1.19
DSCR
$5,534
Rent
$283
Cashflow
Cash Flow
$5,534 income − $5,251 expenses = $283 cash flow
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,534
Total Expenses
$5,251
Mortgage P&I
48%
$2,681
Property Taxes
9%
$500
Home Insurance
3%
$189
HOA
0%
$0
Property Management
12%
$664
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$609