This property might be a fair Mid-Term investment with a projected 6.88% first-year return on $64,179 initial cash invested.
6.88%
Cash On Cash
9.08%
Cap Rate
1.39
DSCR
$2,538
Rent
$368
Cashflow
Cash Flow
$2,538 income − $2,170 expenses = $368 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$2,170
Mortgage P&I
47%
$1,193
Property Taxes
1%
$36
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279