This property might be a fair Long-Term investment with a projected 2.78% first-year return on $50,558 initial cash invested.
2.78%
Cash On Cash
7.86%
Cap Rate
1.18
DSCR
$2,357
Rent
$117
Cashflow
Cash Flow
$2,357 income − $2,240 expenses = $117 cash flow
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,558
Downpayment
20%
$48,150
Closing costs
1%
$2,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$2,240
Mortgage P&I
57%
$1,342
Property Taxes
9%
$201
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0