This property might be a fair Mid-Term investment with a projected 3.95% first-year return on $64,998 initial cash invested.
3.95%
Cash On Cash
8.18%
Cap Rate
1.26
DSCR
$2,498
Rent
$214
Cashflow
Cash Flow
$2,498 income − $2,284 expenses = $214 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,998
Downpayment
20%
$44,760
Closing costs
1%
$2,238
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,284
Mortgage P&I
48%
$1,211
Property Taxes
6%
$153
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275