This property might be a fair Mid-Term investment with a projected 9.91% first-year return on $64,179 initial cash invested.
9.91%
Cash On Cash
10.38%
Cap Rate
1.52
DSCR
$3,081
Rent
$530
Cashflow
Cash Flow
$3,081 income − $2,551 expenses = $530 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$2,551
Mortgage P&I
41%
$1,249
Property Taxes
6%
$178
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339