This property might be a fair Long-Term investment with a projected 1.2% first-year return on $64,050 initial cash invested.
1.2%
Cash On Cash
6.96%
Cap Rate
1.14
DSCR
$3,021
Rent
$64
Cashflow
Cash Flow
$3,021 income − $2,957 expenses = $64 cash flow
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,021
Total Expenses
$2,957
Mortgage P&I
51%
$1,554
Property Taxes
17%
$509
Home Insurance
4%
$107
HOA
0%
$2
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0