This property might be a fair Long-Term investment with a projected 6.64% first-year return on $58,212 initial cash invested.
6.64%
Cash On Cash
8.4%
Cap Rate
1.32
DSCR
$2,950
Rent
$322
Cashflow
Cash Flow
$2,950 income − $2,628 expenses = $322 cash flow
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,212
Downpayment
20%
$55,440
Closing costs
1%
$2,772
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,950
Total Expenses
$2,628
Mortgage P&I
50%
$1,470
Property Taxes
10%
$292
Home Insurance
3%
$98
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0