This property might be a fair Long-Term investment with a projected 8.29% first-year return on $46,200 initial cash invested.
8.29%
Cash On Cash
8.78%
Cap Rate
1.37
DSCR
$2,264
Rent
$319
Cashflow
Cash Flow
$2,264 income − $1,945 expenses = $319 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$1,945
Mortgage P&I
52%
$1,177
Property Taxes
5%
$103
Home Insurance
3%
$77
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0