This property could be a profitable Mid-Term investment with a projected 17.02% first-year return on $64,242 initial cash invested.
17.02%
Cash On Cash
12.25%
Cap Rate
1.89
DSCR
$3,674
Rent
$911
Cashflow
Cash Flow
$3,674 income − $2,763 expenses = $911 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,242
Downpayment
20%
$44,040
Closing costs
1%
$2,202
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$2,763
Mortgage P&I
32%
$1,190
Property Taxes
7%
$261
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404