This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $64,305 initial cash invested.
3.15%
Cash On Cash
7.96%
Cap Rate
1.22
DSCR
$2,338
Rent
$169
Cashflow
Cash Flow
$2,338 income − $2,169 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,338
Total Expenses
$2,169
Mortgage P&I
51%
$1,200
Property Taxes
4%
$95
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257