This property might be a fair Mid-Term investment with a projected 2.62% first-year return on $64,221 initial cash invested.
2.62%
Cash On Cash
8.13%
Cap Rate
1.19
DSCR
$2,468
Rent
$140
Cashflow
Cash Flow
$2,468 income − $2,328 expenses = $140 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,468
Total Expenses
$2,328
Mortgage P&I
51%
$1,252
Property Taxes
6%
$158
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271