This property might be a fair Mid-Term investment with a projected 0.7% first-year return on $68,484 initial cash invested.
0.7%
Cash On Cash
7.15%
Cap Rate
1.11
DSCR
$2,514
Rent
$40
Cashflow
Cash Flow
$2,514 income − $2,474 expenses = $40 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,514
Total Expenses
$2,474
Mortgage P&I
51%
$1,292
Property Taxes
9%
$238
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277