This property might be a fair Mid-Term investment with a projected 5.25% first-year return on $64,179 initial cash invested.
5.25%
Cash On Cash
8.72%
Cap Rate
1.31
DSCR
$2,506
Rent
$281
Cashflow
Cash Flow
$2,506 income − $2,225 expenses = $281 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$2,225
Mortgage P&I
49%
$1,217
Property Taxes
3%
$79
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276