This property might be a fair Mid-Term investment with a projected 6.58% first-year return on $64,410 initial cash invested.
6.58%
Cash On Cash
9.29%
Cap Rate
1.41
DSCR
$3,531
Rent
$353
Cashflow
Cash Flow
$3,531 income − $3,178 expenses = $353 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$3,178
Mortgage P&I
34%
$1,217
Property Taxes
19%
$684
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388