This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $64,116 initial cash invested.
2.84%
Cash On Cash
7.87%
Cap Rate
1.21
DSCR
$2,398
Rent
$152
Cashflow
Cash Flow
$2,398 income − $2,246 expenses = $152 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,116
Downpayment
20%
$43,920
Closing costs
1%
$2,196
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,398
Total Expenses
$2,246
Mortgage P&I
50%
$1,192
Property Taxes
7%
$160
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264