This property could be a profitable Mid-Term investment with a projected 16.22% first-year return on $64,158 initial cash invested.
16.22%
Cash On Cash
12.22%
Cap Rate
1.83
DSCR
$3,674
Rent
$867
Cashflow
Cash Flow
$3,674 income − $2,807 expenses = $867 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$2,807
Mortgage P&I
33%
$1,225
Property Taxes
7%
$254
Home Insurance
2%
$79
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404