This property might be a fair Mid-Term investment with a projected 8.4% first-year return on $64,116 initial cash invested.
8.4%
Cash On Cash
9.5%
Cap Rate
1.47
DSCR
$2,660
Rent
$449
Cashflow
Cash Flow
$2,660 income − $2,211 expenses = $449 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,116
Downpayment
20%
$43,920
Closing costs
1%
$2,196
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,660
Total Expenses
$2,211
Mortgage P&I
45%
$1,184
Property Taxes
1%
$38
Home Insurance
3%
$79
HOA
0%
$6
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293