This property might be a fair Mid-Term investment with a projected 8.59% first-year return on $64,158 initial cash invested.
8.59%
Cash On Cash
9.46%
Cap Rate
1.49
DSCR
$2,748
Rent
$459
Cashflow
Cash Flow
$2,748 income − $2,289 expenses = $459 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$2,289
Mortgage P&I
42%
$1,163
Property Taxes
4%
$112
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302