This property might be a fair Mid-Term investment with a projected 2.1% first-year return on $64,662 initial cash invested.
2.1%
Cash On Cash
7.5%
Cap Rate
1.17
DSCR
$2,308
Rent
$113
Cashflow
Cash Flow
$2,308 income − $2,195 expenses = $113 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,662
Downpayment
20%
$44,440
Closing costs
1%
$2,222
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$2,195
Mortgage P&I
51%
$1,183
Property Taxes
6%
$148
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254