This property might be a fair Mid-Term investment with a projected 5.61% first-year return on $68,904 initial cash invested.
5.61%
Cash On Cash
8.8%
Cap Rate
1.33
DSCR
$3,014
Rent
$322
Cashflow
Cash Flow
$3,014 income − $2,692 expenses = $322 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,014
Total Expenses
$2,692
Mortgage P&I
44%
$1,334
Property Taxes
8%
$250
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332