This property might be a fair Mid-Term investment with a projected 4.81% first-year return on $68,421 initial cash invested.
4.81%
Cash On Cash
8.35%
Cap Rate
1.3
DSCR
$2,679
Rent
$274
Cashflow
Cash Flow
$2,679 income − $2,405 expenses = $274 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$2,405
Mortgage P&I
48%
$1,289
Property Taxes
4%
$115
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295