This property might be a fair Mid-Term investment with a projected 3.29% first-year return on $64,578 initial cash invested.
3.29%
Cash On Cash
8.14%
Cap Rate
1.23
DSCR
$2,560
Rent
$177
Cashflow
Cash Flow
$2,560 income − $2,383 expenses = $177 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,578
Downpayment
20%
$44,360
Closing costs
1%
$2,218
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,383
Mortgage P&I
48%
$1,226
Property Taxes
8%
$208
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282