This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $68,400 initial cash invested.
2.96%
Cash On Cash
7.95%
Cap Rate
1.21
DSCR
$2,680
Rent
$169
Cashflow
Cash Flow
$2,680 income − $2,511 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,680
Total Expenses
$2,511
Mortgage P&I
49%
$1,314
Property Taxes
8%
$202
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295