This property might be a fair Mid-Term investment with a projected 6.38% first-year return on $64,179 initial cash invested.
6.38%
Cash On Cash
8.68%
Cap Rate
1.39
DSCR
$2,726
Rent
$341
Cashflow
Cash Flow
$2,726 income − $2,385 expenses = $341 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,726
Total Expenses
$2,385
Mortgage P&I
42%
$1,141
Property Taxes
9%
$240
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300