This property might be a fair Mid-Term investment with a projected 0.95% first-year return on $68,421 initial cash invested.
0.95%
Cash On Cash
7.5%
Cap Rate
1.11
DSCR
$2,294
Rent
$54
Cashflow
Cash Flow
$2,294 income − $2,240 expenses = $54 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$2,240
Mortgage P&I
59%
$1,354
Property Taxes
5%
$106
Home Insurance
0%
$0
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252