This property might be a fair Long-Term investment with a projected 3.6% first-year return on $50,295 initial cash invested.
3.6%
Cash On Cash
7.66%
Cap Rate
1.22
DSCR
$2,467
Rent
$151
Cashflow
Cash Flow
$2,467 income − $2,316 expenses = $151 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,467
Total Expenses
$2,316
Mortgage P&I
51%
$1,254
Property Taxes
14%
$335
Home Insurance
3%
$86
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0