This property might be a fair Mid-Term investment with a projected 6.39% first-year return on $64,242 initial cash invested.
6.39%
Cash On Cash
9.21%
Cap Rate
1.36
DSCR
$2,716
Rent
$342
Cashflow
Cash Flow
$2,716 income − $2,374 expenses = $342 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,716
Total Expenses
$2,374
Mortgage P&I
46%
$1,239
Property Taxes
5%
$132
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299