This property might be a fair Mid-Term investment with a projected 6.91% first-year return on $68,379 initial cash invested.
6.91%
Cash On Cash
9.14%
Cap Rate
1.42
DSCR
$3,543
Rent
$394
Cashflow
Cash Flow
$3,543 income − $3,149 expenses = $394 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,543
Total Expenses
$3,149
Mortgage P&I
36%
$1,291
Property Taxes
16%
$569
Home Insurance
2%
$84
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390