This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $64,095 initial cash invested.
2.28%
Cash On Cash
7.54%
Cap Rate
1.2
DSCR
$2,634
Rent
$122
Cashflow
Cash Flow
$2,634 income − $2,512 expenses = $122 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$2,512
Mortgage P&I
44%
$1,152
Property Taxes
15%
$386
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290