This property might be a fair Mid-Term investment with a projected 6.77% first-year return on $64,557 initial cash invested.
6.77%
Cash On Cash
9.28%
Cap Rate
1.39
DSCR
$2,889
Rent
$364
Cashflow
Cash Flow
$2,889 income − $2,525 expenses = $364 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,557
Downpayment
20%
$44,340
Closing costs
1%
$2,217
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$2,525
Mortgage P&I
43%
$1,234
Property Taxes
8%
$219
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318