This property might be a fair Long-Term investment with a projected 1.6% first-year return on $46,641 initial cash invested.
1.6%
Cash On Cash
7.39%
Cap Rate
1.13
DSCR
$1,953
Rent
$62
Cashflow
Cash Flow
$1,953 income − $1,891 expenses = $62 cash flow
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$1,891
Mortgage P&I
62%
$1,208
Property Taxes
6%
$114
Home Insurance
3%
$61
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0