This property might be a fair Mid-Term investment with a projected 3.65% first-year return on $68,421 initial cash invested.
3.65%
Cash On Cash
8.25%
Cap Rate
1.24
DSCR
$2,848
Rent
$208
Cashflow
Cash Flow
$2,848 income − $2,640 expenses = $208 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,848
Total Expenses
$2,640
Mortgage P&I
47%
$1,328
Property Taxes
9%
$262
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313