This property might be a fair Mid-Term investment with a projected 5.11% first-year return on $64,153 initial cash invested.
5.11%
Cash On Cash
8.7%
Cap Rate
1.32
DSCR
$2,799
Rent
$273
Cashflow
Cash Flow
$2,799 income − $2,526 expenses = $273 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,153
Downpayment
20%
$43,955
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$2,526
Mortgage P&I
43%
$1,208
Property Taxes
10%
$289
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308