This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $68,379 initial cash invested.
2.84%
Cash On Cash
8.05%
Cap Rate
1.2
DSCR
$2,676
Rent
$162
Cashflow
Cash Flow
$2,676 income − $2,514 expenses = $162 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,676
Total Expenses
$2,514
Mortgage P&I
50%
$1,340
Property Taxes
7%
$181
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294