This property might be a fair Long-Term investment with a projected 1.74% first-year return on $48,279 initial cash invested.
1.74%
Cash On Cash
7.23%
Cap Rate
1.14
DSCR
$2,010
Rent
$70
Cashflow
Cash Flow
$2,010 income − $1,940 expenses = $70 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$1,940
Mortgage P&I
61%
$1,216
Property Taxes
6%
$122
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0