This property might be a fair Long-Term investment with a projected 8.44% first-year return on $24,024 initial cash invested.
8.44%
Cash On Cash
8.74%
Cap Rate
1.38
DSCR
$1,216
Rent
$169
Cashflow
Cash Flow
$1,216 income − $1,047 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$114k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,024
Downpayment
20%
$22,880
Closing costs
1%
$1,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,216
Total Expenses
$1,047
Mortgage P&I
50%
$603
Property Taxes
7%
$86
Home Insurance
3%
$41
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0