This property could be a profitable Mid-Term investment with a projected 13.05% first-year return on $64,095 initial cash invested.
13.05%
Cash On Cash
11.11%
Cap Rate
1.71
DSCR
$3,710
Rent
$697
Cashflow
Cash Flow
$3,710 income − $3,013 expenses = $697 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,710
Total Expenses
$3,013
Mortgage P&I
32%
$1,187
Property Taxes
13%
$489
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408