This property might be a fair Long-Term investment with a projected 1.42% first-year return on $55,020 initial cash invested.
1.42%
Cash On Cash
7.03%
Cap Rate
1.12
DSCR
$2,080
Rent
$65
Cashflow
Cash Flow
$2,080 income − $2,015 expenses = $65 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,080
Total Expenses
$2,015
Mortgage P&I
66%
$1,365
Property Taxes
2%
$35
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0