This property might be a fair Mid-Term investment with a projected 4.33% first-year return on $64,326 initial cash invested.
4.33%
Cash On Cash
8.3%
Cap Rate
1.27
DSCR
$2,356
Rent
$232
Cashflow
Cash Flow
$2,356 income − $2,124 expenses = $232 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,326
Downpayment
20%
$44,120
Closing costs
1%
$2,206
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,356
Total Expenses
$2,124
Mortgage P&I
51%
$1,199
Property Taxes
2%
$45
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259