This property might be a fair Mid-Term investment with a projected 8.44% first-year return on $64,242 initial cash invested.
8.44%
Cash On Cash
9.89%
Cap Rate
1.49
DSCR
$3,609
Rent
$452
Cashflow
Cash Flow
$3,609 income − $3,157 expenses = $452 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,609
Total Expenses
$3,157
Mortgage P&I
34%
$1,218
Property Taxes
18%
$634
Home Insurance
2%
$79
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397