This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $64,641 initial cash invested.
2.28%
Cash On Cash
7.86%
Cap Rate
1.17
DSCR
$2,289
Rent
$123
Cashflow
Cash Flow
$2,289 income − $2,166 expenses = $123 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$2,166
Mortgage P&I
54%
$1,239
Property Taxes
3%
$68
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252