This property might be a fair Mid-Term investment with a projected 6.32% first-year return on $68,379 initial cash invested.
6.32%
Cash On Cash
9.1%
Cap Rate
1.35
DSCR
$2,829
Rent
$360
Cashflow
Cash Flow
$2,829 income − $2,469 expenses = $360 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
$2,829
Total Expenses
$2,469
Mortgage P&I
48%
$1,346
Property Taxes
3%
$78
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311