This property might be a fair Mid-Term investment with a projected 3.31% first-year return on $64,242 initial cash invested.
3.31%
Cash On Cash
7.79%
Cap Rate
1.24
DSCR
$2,434
Rent
$177
Cashflow
Cash Flow
$2,434 income − $2,257 expenses = $177 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,434
Total Expenses
$2,257
Mortgage P&I
47%
$1,156
Property Taxes
8%
$195
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268