This property might be a fair Long-Term investment with a projected 2.8% first-year return on $50,589 initial cash invested.
2.8%
Cash On Cash
7.75%
Cap Rate
1.17
DSCR
$2,118
Rent
$118
Cashflow
Cash Flow
$2,118 income − $2,000 expenses = $118 cash flow
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,589
Downpayment
20%
$48,180
Closing costs
1%
$2,409
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$2,000
Mortgage P&I
63%
$1,331
Property Taxes
2%
$34
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0