This property could be a profitable Mid-Term investment with a projected 16.5% first-year return on $64,284 initial cash invested.
16.5%
Cash On Cash
12.09%
Cap Rate
1.87
DSCR
$3,729
Rent
$884
Cashflow
Cash Flow
$3,729 income − $2,845 expenses = $884 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,284
Downpayment
20%
$44,080
Closing costs
1%
$2,204
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,729
Total Expenses
$2,845
Mortgage P&I
32%
$1,188
Property Taxes
8%
$311
Home Insurance
2%
$79
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410