This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $68,400 initial cash invested.
2.93%
Cash On Cash
7.98%
Cap Rate
1.2
DSCR
$2,572
Rent
$167
Cashflow
Cash Flow
$2,572 income − $2,405 expenses = $167 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,572
Total Expenses
$2,405
Mortgage P&I
52%
$1,326
Property Taxes
5%
$120
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283