This property might be a fair Mid-Term investment with a projected 6.33% first-year return on $64,305 initial cash invested.
6.33%
Cash On Cash
9.01%
Cap Rate
1.39
DSCR
$3,130
Rent
$339
Cashflow
Cash Flow
$3,130 income − $2,791 expenses = $339 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$2,791
Mortgage P&I
38%
$1,191
Property Taxes
15%
$456
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344