This property might be a fair Mid-Term investment with a projected 8.17% first-year return on $64,305 initial cash invested.
8.17%
Cash On Cash
9.63%
Cap Rate
1.47
DSCR
$3,100
Rent
$438
Cashflow
Cash Flow
$3,100 income − $2,662 expenses = $438 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$2,662
Mortgage P&I
39%
$1,207
Property Taxes
10%
$317
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341