This property might be a fair Mid-Term investment with a projected 5.88% first-year return on $68,400 initial cash invested.
5.88%
Cash On Cash
8.53%
Cap Rate
1.37
DSCR
$3,152
Rent
$335
Cashflow
Cash Flow
$3,152 income − $2,817 expenses = $335 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$2,817
Mortgage P&I
40%
$1,245
Property Taxes
13%
$416
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347