This property might be a fair Mid-Term investment with a projected 3.47% first-year return on $64,620 initial cash invested.
3.47%
Cash On Cash
7.85%
Cap Rate
1.24
DSCR
$2,322
Rent
$187
Cashflow
Cash Flow
$2,322 income − $2,135 expenses = $187 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$2,135
Mortgage P&I
50%
$1,172
Property Taxes
4%
$95
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255