This property could be a profitable Mid-Term investment with a projected 13.48% first-year return on $68,295 initial cash invested.
13.48%
Cash On Cash
10.87%
Cap Rate
1.73
DSCR
$3,700
Rent
$767
Cashflow
Cash Flow
$3,700 income − $2,933 expenses = $767 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,700
Total Expenses
$2,933
Mortgage P&I
34%
$1,254
Property Taxes
9%
$335
Home Insurance
2%
$86
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407