This property might be a fair Mid-Term investment with a projected 3.65% first-year return on $68,379 initial cash invested.
3.65%
Cash On Cash
8.34%
Cap Rate
1.24
DSCR
$2,788
Rent
$208
Cashflow
Cash Flow
$2,788 income − $2,580 expenses = $208 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,788
Total Expenses
$2,580
Mortgage P&I
48%
$1,347
Property Taxes
7%
$197
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307