This property might be a fair Mid-Term investment with a projected 8.65% first-year return on $68,379 initial cash invested.
8.65%
Cash On Cash
9.22%
Cap Rate
1.51
DSCR
$3,318
Rent
$493
Cashflow
Cash Flow
$3,318 income − $2,825 expenses = $493 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,318
Total Expenses
$2,825
Mortgage P&I
37%
$1,218
Property Taxes
12%
$394
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365