This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $64,683 initial cash invested.
3.1%
Cash On Cash
7.87%
Cap Rate
1.22
DSCR
$2,388
Rent
$167
Cashflow
Cash Flow
$2,388 income − $2,221 expenses = $167 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,683
Downpayment
20%
$44,460
Closing costs
1%
$2,223
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,388
Total Expenses
$2,221
Mortgage P&I
50%
$1,195
Property Taxes
5%
$116
Home Insurance
3%
$79
HOA
1%
$17
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263