This property might be a fair Mid-Term investment with a projected 3.69% first-year return on $141k initial cash invested.
3.69%
Cash On Cash
8.04%
Cap Rate
1.22
DSCR
$6,560
Rent
$433
Cashflow
Cash Flow
$6,560 income − $6,127 expenses = $433 cash flow
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,560
Total Expenses
$6,127
Mortgage P&I
49%
$3,224
Property Taxes
7%
$481
Home Insurance
3%
$192
HOA
0%
$0
Property Management
12%
$787
CapEx
4%
$262
Vacancy
3%
$197
Maintenance
4%
$262
Other
11%
$722