This property might be a fair Mid-Term investment with a projected 2.18% first-year return on $64,956 initial cash invested.
2.18%
Cash On Cash
7.63%
Cap Rate
1.17
DSCR
$2,324
Rent
$118
Cashflow
Cash Flow
$2,324 income − $2,206 expenses = $118 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,956
Downpayment
20%
$44,720
Closing costs
1%
$2,236
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,324
Total Expenses
$2,206
Mortgage P&I
52%
$1,211
Property Taxes
5%
$116
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256