This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $68,820 initial cash invested.
2.23%
Cash On Cash
7.92%
Cap Rate
1.17
DSCR
$2,631
Rent
$128
Cashflow
Cash Flow
$2,631 income − $2,503 expenses = $128 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,820
Downpayment
20%
$48,400
Closing costs
1%
$2,420
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,631
Total Expenses
$2,503
Mortgage P&I
52%
$1,364
Property Taxes
6%
$160
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289