This property might be a fair Mid-Term investment with a projected 5.7% first-year return on $64,200 initial cash invested.
5.7%
Cash On Cash
8.79%
Cap Rate
1.35
DSCR
$2,824
Rent
$305
Cashflow
Cash Flow
$2,824 income − $2,519 expenses = $305 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$2,519
Mortgage P&I
42%
$1,194
Property Taxes
10%
$287
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311