This property might be a fair Mid-Term investment with a projected 5.91% first-year return on $64,935 initial cash invested.
5.91%
Cash On Cash
8.96%
Cap Rate
1.34
DSCR
$2,620
Rent
$320
Cashflow
Cash Flow
$2,620 income − $2,300 expenses = $320 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,935
Downpayment
20%
$44,700
Closing costs
1%
$2,235
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$2,300
Mortgage P&I
47%
$1,243
Property Taxes
3%
$86
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288