This property could be a profitable Mid-Term investment with a projected 11.99% first-year return on $64,179 initial cash invested.
11.99%
Cash On Cash
10.53%
Cap Rate
1.69
DSCR
$3,686
Rent
$641
Cashflow
Cash Flow
$3,686 income − $3,045 expenses = $641 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,686
Total Expenses
$3,045
Mortgage P&I
31%
$1,141
Property Taxes
16%
$575
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405