This property might be a fair Mid-Term investment with a projected 6.35% first-year return on $68,379 initial cash invested.
6.35%
Cash On Cash
9.13%
Cap Rate
1.36
DSCR
$3,056
Rent
$362
Cashflow
Cash Flow
$3,056 income − $2,694 expenses = $362 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,056
Total Expenses
$2,694
Mortgage P&I
44%
$1,342
Property Taxes
7%
$229
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336