This property might be a fair Mid-Term investment with a projected 3.16% first-year return on $64,620 initial cash invested.
3.16%
Cash On Cash
8.03%
Cap Rate
1.23
DSCR
$2,601
Rent
$170
Cashflow
Cash Flow
$2,601 income − $2,431 expenses = $170 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,601
Total Expenses
$2,431
Mortgage P&I
47%
$1,212
Property Taxes
10%
$255
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286