This property could be a profitable Mid-Term investment with a projected 29.05% first-year return on $64,200 initial cash invested.
29.05%
Cash On Cash
15.92%
Cap Rate
2.51
DSCR
$5,068
Rent
$1,554
Cashflow
Cash Flow
$5,068 income − $3,514 expenses = $1,554 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$5,068
Total Expenses
$3,514
Mortgage P&I
23%
$1,161
Property Taxes
11%
$553
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$557