This property might be a fair Mid-Term investment with a projected 7.35% first-year return on $68,400 initial cash invested.
7.35%
Cash On Cash
9.38%
Cap Rate
1.41
DSCR
$3,172
Rent
$419
Cashflow
Cash Flow
$3,172 income − $2,753 expenses = $419 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,172
Total Expenses
$2,753
Mortgage P&I
42%
$1,329
Property Taxes
8%
$261
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349