This property might be a fair Mid-Term investment with a projected 4.47% first-year return on $68,400 initial cash invested.
4.47%
Cash On Cash
8.46%
Cap Rate
1.29
DSCR
$3,213
Rent
$255
Cashflow
Cash Flow
$3,213 income − $2,958 expenses = $255 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,213
Total Expenses
$2,958
Mortgage P&I
41%
$1,308
Property Taxes
13%
$433
Home Insurance
3%
$84
HOA
1%
$40
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$353