This property might be a fair Mid-Term investment with a projected 7.99% first-year return on $64,095 initial cash invested.
7.99%
Cash On Cash
9.35%
Cap Rate
1.46
DSCR
$2,726
Rent
$427
Cashflow
Cash Flow
$2,726 income − $2,299 expenses = $427 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$2,299
Mortgage P&I
43%
$1,174
Property Taxes
4%
$121
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300