This property might be a fair Mid-Term investment with a projected 6.88% first-year return on $68,904 initial cash invested.
6.88%
Cash On Cash
9.22%
Cap Rate
1.39
DSCR
$3,310
Rent
$395
Cashflow
Cash Flow
$3,310 income − $2,915 expenses = $395 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,904
Downpayment
20%
$48,480
Closing costs
1%
$2,424
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,310
Total Expenses
$2,915
Mortgage P&I
40%
$1,335
Property Taxes
11%
$370
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364