This property might be a fair Long-Term investment with a projected 8.19% first-year return on $31,500 initial cash invested.
8.19%
Cash On Cash
8.95%
Cap Rate
1.35
DSCR
$1,499
Rent
$215
Cashflow
Cash Flow
$1,499 income − $1,284 expenses = $215 cash flow
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,499
Total Expenses
$1,284
Mortgage P&I
55%
$829
Property Taxes
1%
$13
Home Insurance
3%
$52
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0