This property might be a fair Mid-Term investment with a projected 8.67% first-year return on $144k initial cash invested.
8.67%
Cash On Cash
8.65%
Cap Rate
1.44
DSCR
$6,891
Rent
$1,040
Cashflow
Cash Flow
$6,891 income − $5,851 expenses = $1,040 cash flow
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,891
Total Expenses
$5,851
Mortgage P&I
44%
$3,006
Property Taxes
4%
$291
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$827
CapEx
4%
$276
Vacancy
3%
$207
Maintenance
4%
$276
Other
11%
$758