This property might be a fair Mid-Term investment with a projected 6.54% first-year return on $64,242 initial cash invested.
6.54%
Cash On Cash
8.94%
Cap Rate
1.38
DSCR
$2,618
Rent
$350
Cashflow
Cash Flow
$2,618 income − $2,268 expenses = $350 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,242
Downpayment
20%
$44,040
Closing costs
1%
$2,202
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,618
Total Expenses
$2,268
Mortgage P&I
45%
$1,185
Property Taxes
5%
$124
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288