This property might be a fair Long-Term investment with a projected 2.73% first-year return on $57,603 initial cash invested.
2.73%
Cash On Cash
7.3%
Cap Rate
1.18
DSCR
$2,361
Rent
$131
Cashflow
Cash Flow
$2,361 income − $2,230 expenses = $131 cash flow
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,603
Downpayment
20%
$54,860
Closing costs
1%
$2,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,361
Total Expenses
$2,230
Mortgage P&I
60%
$1,420
Property Taxes
6%
$131
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0