This property might be a fair Mid-Term investment with a projected 3.03% first-year return on $65,040 initial cash invested.
3.03%
Cash On Cash
7.85%
Cap Rate
1.21
DSCR
$2,385
Rent
$164
Cashflow
Cash Flow
$2,385 income − $2,221 expenses = $164 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$2,221
Mortgage P&I
51%
$1,206
Property Taxes
5%
$127
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262