This property might be a fair Mid-Term investment with a projected 9.64% first-year return on $64,221 initial cash invested.
9.64%
Cash On Cash
10.07%
Cap Rate
1.53
DSCR
$2,988
Rent
$516
Cashflow
Cash Flow
$2,988 income − $2,472 expenses = $516 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$2,472
Mortgage P&I
41%
$1,211
Property Taxes
6%
$169
Home Insurance
2%
$74
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329