This property might be a fair Mid-Term investment with a projected 5.46% first-year return on $68,400 initial cash invested.
5.46%
Cash On Cash
8.87%
Cap Rate
1.32
DSCR
$2,928
Rent
$311
Cashflow
Cash Flow
$2,928 income − $2,617 expenses = $311 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,928
Total Expenses
$2,617
Mortgage P&I
46%
$1,346
Property Taxes
7%
$192
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322