This property might be a fair Long-Term investment with a projected 2.37% first-year return on $29,400 initial cash invested.
2.37%
Cash On Cash
7.73%
Cap Rate
1.16
DSCR
$1,333
Rent
$58
Cashflow
Cash Flow
$1,333 income − $1,275 expenses = $58 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,333
Total Expenses
$1,275
Mortgage P&I
58%
$777
Property Taxes
8%
$102
Home Insurance
4%
$49
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0