This property might be a fair Long-Term investment with a projected 2.9% first-year return on $30,198 initial cash invested.
2.9%
Cash On Cash
7.84%
Cap Rate
1.18
DSCR
$1,412
Rent
$73
Cashflow
Cash Flow
$1,412 income − $1,339 expenses = $73 cash flow
Investment Breakdown
|
Purchase Price
$144k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,198
Downpayment
20%
$28,760
Closing costs
1%
$1,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,412
Total Expenses
$1,339
Mortgage P&I
56%
$795
Property Taxes
9%
$120
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0