This property might be a fair Mid-Term investment with a projected 4.26% first-year return on $68,400 initial cash invested.
4.26%
Cash On Cash
8.47%
Cap Rate
1.27
DSCR
$2,798
Rent
$243
Cashflow
Cash Flow
$2,798 income − $2,555 expenses = $243 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$2,555
Mortgage P&I
48%
$1,339
Property Taxes
6%
$180
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308