This property might be a fair Mid-Term investment with a projected 2.58% first-year return on $64,200 initial cash invested.
2.58%
Cash On Cash
8.17%
Cap Rate
1.21
DSCR
$3,027
Rent
$138
Cashflow
Cash Flow
$3,027 income − $2,889 expenses = $138 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,027
Total Expenses
$2,889
Mortgage P&I
41%
$1,238
Property Taxes
18%
$545
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333