This property might be a fair Mid-Term investment with a projected 3.24% first-year return on $64,746 initial cash invested.
3.24%
Cash On Cash
8.1%
Cap Rate
1.22
DSCR
$2,456
Rent
$175
Cashflow
Cash Flow
$2,456 income − $2,281 expenses = $175 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,746
Downpayment
20%
$44,520
Closing costs
1%
$2,226
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,456
Total Expenses
$2,281
Mortgage P&I
50%
$1,230
Property Taxes
6%
$137
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270