This property might be a fair Long-Term investment with a projected 2.4% first-year return on $38,010 initial cash invested.
2.4%
Cash On Cash
7.64%
Cap Rate
1.16
DSCR
$1,595
Rent
$76
Cashflow
Cash Flow
$1,595 income − $1,519 expenses = $76 cash flow
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,010
Downpayment
20%
$36,200
Closing costs
1%
$1,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,595
Total Expenses
$1,519
Mortgage P&I
63%
$997
Property Taxes
3%
$43
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0