This property might be a fair Mid-Term investment with a projected 1.4% first-year return on $64,200 initial cash invested.
1.4%
Cash On Cash
7.67%
Cap Rate
1.13
DSCR
$2,142
Rent
$75
Cashflow
Cash Flow
$2,142 income − $2,067 expenses = $75 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,142
Total Expenses
$2,067
Mortgage P&I
58%
$1,246
Property Taxes
1%
$15
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236