This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $68,463 initial cash invested.
2.96%
Cash On Cash
7.89%
Cap Rate
1.21
DSCR
$2,726
Rent
$169
Cashflow
Cash Flow
$2,726 income − $2,557 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,463
Downpayment
20%
$48,060
Closing costs
1%
$2,403
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$2,557
Mortgage P&I
48%
$1,302
Property Taxes
9%
$240
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300