This property might be a fair Mid-Term investment with a projected 2.27% first-year return on $64,095 initial cash invested.
2.27%
Cash On Cash
7.97%
Cap Rate
1.18
DSCR
$2,560
Rent
$121
Cashflow
Cash Flow
$2,560 income − $2,439 expenses = $121 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,439
Mortgage P&I
48%
$1,235
Property Taxes
10%
$247
Home Insurance
3%
$77
HOA
0%
$10
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282