This property might be a fair Mid-Term investment with a projected 6.3% first-year return on $68,904 initial cash invested.
6.3%
Cash On Cash
9.24%
Cap Rate
1.36
DSCR
$3,368
Rent
$362
Cashflow
Cash Flow
$3,368 income − $3,006 expenses = $362 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,904
Downpayment
20%
$48,480
Closing costs
1%
$2,424
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$3,006
Mortgage P&I
41%
$1,369
Property Taxes
12%
$404
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370