This property might be a fair Long-Term investment with a projected 1.17% first-year return on $61,593 initial cash invested.
1.17%
Cash On Cash
7.33%
Cap Rate
1.12
DSCR
$2,620
Rent
$60
Cashflow
Cash Flow
$2,620 income − $2,560 expenses = $60 cash flow
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,620
Total Expenses
$2,560
Mortgage P&I
61%
$1,601
Property Taxes
7%
$173
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0