This property might be a fair Long-Term investment with a projected 2.96% first-year return on $33,600 initial cash invested.
2.96%
Cash On Cash
7.96%
Cap Rate
1.18
DSCR
$1,551
Rent
$83
Cashflow
Cash Flow
$1,551 income − $1,468 expenses = $83 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,551
Total Expenses
$1,468
Mortgage P&I
58%
$900
Property Taxes
7%
$108
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0