This property might be a fair Mid-Term investment with a projected 4.73% first-year return on $64,221 initial cash invested.
4.73%
Cash On Cash
8.72%
Cap Rate
1.28
DSCR
$2,520
Rent
$253
Cashflow
Cash Flow
$2,520 income − $2,267 expenses = $253 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,267
Mortgage P&I
49%
$1,246
Property Taxes
3%
$85
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277