This property might be a fair Mid-Term investment with a projected 6.26% first-year return on $64,977 initial cash invested.
6.26%
Cash On Cash
8.93%
Cap Rate
1.37
DSCR
$2,802
Rent
$339
Cashflow
Cash Flow
$2,802 income − $2,463 expenses = $339 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$2,463
Mortgage P&I
43%
$1,214
Property Taxes
6%
$166
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308