This property might be a fair Mid-Term investment with a projected 6.96% first-year return on $64,851 initial cash invested.
6.96%
Cash On Cash
9.18%
Cap Rate
1.4
DSCR
$2,820
Rent
$376
Cashflow
Cash Flow
$2,820 income − $2,444 expenses = $376 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,851
Downpayment
20%
$44,620
Closing costs
1%
$2,231
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$2,444
Mortgage P&I
43%
$1,217
Property Taxes
7%
$184
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310