This property might be a fair Long-Term investment with a projected 6% first-year return on $61,845 initial cash invested.
6%
Cash On Cash
8.5%
Cap Rate
1.28
DSCR
$3,042
Rent
$309
Cashflow
Cash Flow
$3,042 income − $2,733 expenses = $309 cash flow
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,042
Total Expenses
$2,733
Mortgage P&I
53%
$1,624
Property Taxes
6%
$169
Home Insurance
3%
$103
HOA
2%
$46
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0