This property might be a fair Mid-Term investment with a projected 7.46% first-year return on $64,305 initial cash invested.
7.46%
Cash On Cash
9.35%
Cap Rate
1.42
DSCR
$2,810
Rent
$400
Cashflow
Cash Flow
$2,810 income − $2,410 expenses = $400 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$2,410
Mortgage P&I
43%
$1,206
Property Taxes
5%
$141
Home Insurance
3%
$74
HOA
1%
$35
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309