This property might be a fair Mid-Term investment with a projected 7.85% first-year return on $64,179 initial cash invested.
7.85%
Cash On Cash
9.64%
Cap Rate
1.43
DSCR
$2,748
Rent
$420
Cashflow
Cash Flow
$2,748 income − $2,328 expenses = $420 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$2,328
Mortgage P&I
45%
$1,237
Property Taxes
3%
$80
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302