This property might be a fair Mid-Term investment with a projected 2.4% first-year return on $68,001 initial cash invested.
2.4%
Cash On Cash
7.95%
Cap Rate
1.19
DSCR
$2,997
Rent
$136
Cashflow
Cash Flow
$2,997 income − $2,861 expenses = $136 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,001
Downpayment
20%
$47,620
Closing costs
1%
$2,381
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$2,861
Mortgage P&I
44%
$1,322
Property Taxes
14%
$419
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330