This property might be a fair Long-Term investment with a projected 0.65% first-year return on $58,800 initial cash invested.
0.65%
Cash On Cash
7.12%
Cap Rate
1.11
DSCR
$2,789
Rent
$32
Cashflow
Cash Flow
$2,789 income − $2,757 expenses = $32 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,789
Total Expenses
$2,757
Mortgage P&I
53%
$1,491
Property Taxes
16%
$444
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0