This property might be a fair Mid-Term investment with a projected 9.14% first-year return on $64,599 initial cash invested.
9.14%
Cash On Cash
9.91%
Cap Rate
1.5
DSCR
$2,864
Rent
$492
Cashflow
Cash Flow
$2,864 income − $2,372 expenses = $492 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,599
Downpayment
20%
$44,380
Closing costs
1%
$2,219
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,864
Total Expenses
$2,372
Mortgage P&I
43%
$1,226
Property Taxes
3%
$92
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315