This property might be a fair Long-Term investment with a projected 2.39% first-year return on $60,879 initial cash invested.
2.39%
Cash On Cash
7.37%
Cap Rate
1.16
DSCR
$2,490
Rent
$121
Cashflow
Cash Flow
$2,490 income − $2,369 expenses = $121 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$2,369
Mortgage P&I
62%
$1,536
Property Taxes
3%
$85
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0