This property might be a fair Long-Term investment with a projected 3.58% first-year return on $63,000 initial cash invested.
3.58%
Cash On Cash
7.94%
Cap Rate
1.2
DSCR
$2,818
Rent
$188
Cashflow
Cash Flow
$2,818 income − $2,630 expenses = $188 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,818
Total Expenses
$2,630
Mortgage P&I
59%
$1,655
Property Taxes
4%
$111
Home Insurance
4%
$105
HOA
1%
$26
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0