This property might be a fair Mid-Term investment with a projected 2.4% first-year return on $68,400 initial cash invested.
2.4%
Cash On Cash
7.64%
Cap Rate
1.18
DSCR
$2,458
Rent
$137
Cashflow
Cash Flow
$2,458 income − $2,321 expenses = $137 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,458
Total Expenses
$2,321
Mortgage P&I
53%
$1,292
Property Taxes
4%
$110
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270