This property might be a fair Long-Term investment with a projected 9.32% first-year return on $24,990 initial cash invested.
9.32%
Cash On Cash
9.28%
Cap Rate
1.41
DSCR
$1,446
Rent
$194
Cashflow
Cash Flow
$1,446 income − $1,252 expenses = $194 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,446
Total Expenses
$1,252
Mortgage P&I
45%
$654
Property Taxes
12%
$180
Home Insurance
3%
$42
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0