This property might be a fair Mid-Term investment with a projected 7.06% first-year return on $64,263 initial cash invested.
7.06%
Cash On Cash
9.4%
Cap Rate
1.4
DSCR
$2,768
Rent
$378
Cashflow
Cash Flow
$2,768 income − $2,390 expenses = $378 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,263
Downpayment
20%
$44,060
Closing costs
1%
$2,203
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$2,390
Mortgage P&I
45%
$1,236
Property Taxes
5%
$134
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304