This property might be a fair Mid-Term investment with a projected 3.45% first-year return on $68,484 initial cash invested.
3.45%
Cash On Cash
7.97%
Cap Rate
1.23
DSCR
$2,570
Rent
$197
Cashflow
Cash Flow
$2,570 income − $2,373 expenses = $197 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,570
Total Expenses
$2,373
Mortgage P&I
50%
$1,296
Property Taxes
4%
$115
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283