This property might be a fair Long-Term investment with a projected 2.46% first-year return on $59,073 initial cash invested.
2.46%
Cash On Cash
7.73%
Cap Rate
1.17
DSCR
$2,793
Rent
$121
Cashflow
Cash Flow
$2,793 income − $2,672 expenses = $121 cash flow
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,793
Total Expenses
$2,672
Mortgage P&I
56%
$1,550
Property Taxes
11%
$295
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0