This property might be a fair Mid-Term investment with a projected 7% first-year return on $64,452 initial cash invested.
7%
Cash On Cash
9.28%
Cap Rate
1.4
DSCR
$2,800
Rent
$376
Cashflow
Cash Flow
$2,800 income − $2,424 expenses = $376 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,452
Downpayment
20%
$44,240
Closing costs
1%
$2,212
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$2,424
Mortgage P&I
44%
$1,222
Property Taxes
6%
$168
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308