This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $68,484 initial cash invested.
3.57%
Cash On Cash
8.12%
Cap Rate
1.23
DSCR
$2,553
Rent
$204
Cashflow
Cash Flow
$2,553 income − $2,349 expenses = $204 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,553
Total Expenses
$2,349
Mortgage P&I
52%
$1,320
Property Taxes
2%
$63
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281