This property might be a fair Mid-Term investment with a projected 5.34% first-year return on $64,221 initial cash invested.
5.34%
Cash On Cash
8.71%
Cap Rate
1.32
DSCR
$2,565
Rent
$286
Cashflow
Cash Flow
$2,565 income − $2,279 expenses = $286 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,565
Total Expenses
$2,279
Mortgage P&I
47%
$1,209
Property Taxes
4%
$97
Home Insurance
3%
$78
HOA
1%
$22
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282