This property might be a fair Mid-Term investment with a projected 1.33% first-year return on $68,379 initial cash invested.
1.33%
Cash On Cash
7.59%
Cap Rate
1.14
DSCR
$2,907
Rent
$76
Cashflow
Cash Flow
$2,907 income − $2,831 expenses = $76 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$2,831
Mortgage P&I
46%
$1,326
Property Taxes
15%
$433
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320