This property might be a fair Long-Term investment with a projected 9.6% first-year return on $41,370 initial cash invested.
9.6%
Cash On Cash
9.55%
Cap Rate
1.43
DSCR
$2,866
Rent
$331
Cashflow
Cash Flow
$2,866 income − $2,535 expenses = $331 cash flow
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,866
Total Expenses
$2,535
Mortgage P&I
38%
$1,094
Property Taxes
22%
$626
Home Insurance
2%
$70
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0