This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $68,442 initial cash invested.
3.52%
Cash On Cash
8.07%
Cap Rate
1.23
DSCR
$2,626
Rent
$201
Cashflow
Cash Flow
$2,626 income − $2,425 expenses = $201 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,442
Downpayment
20%
$48,040
Closing costs
1%
$2,402
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,626
Total Expenses
$2,425
Mortgage P&I
50%
$1,309
Property Taxes
4%
$113
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289