This property could be a profitable Mid-Term investment with a projected 16.5% first-year return on $64,200 initial cash invested.
16.5%
Cash On Cash
11.98%
Cap Rate
1.87
DSCR
$3,396
Rent
$883
Cashflow
Cash Flow
$3,396 income − $2,513 expenses = $883 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,396
Total Expenses
$2,513
Mortgage P&I
35%
$1,177
Property Taxes
3%
$103
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374