This property might be a fair Mid-Term investment with a projected 4.84% first-year return on $64,410 initial cash invested.
4.84%
Cash On Cash
8.75%
Cap Rate
1.3
DSCR
$2,697
Rent
$260
Cashflow
Cash Flow
$2,697 income − $2,437 expenses = $260 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,697
Total Expenses
$2,437
Mortgage P&I
46%
$1,244
Property Taxes
7%
$195
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297