This property might be a fair Long-Term investment with a projected 7.75% first-year return on $57,750 initial cash invested.
7.75%
Cash On Cash
8.53%
Cap Rate
1.36
DSCR
$2,973
Rent
$373
Cashflow
Cash Flow
$2,973 income − $2,600 expenses = $373 cash flow
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,973
Total Expenses
$2,600
Mortgage P&I
48%
$1,432
Property Taxes
10%
$297
Home Insurance
3%
$98
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0