This property might be a fair Long-Term investment with a projected 4.45% first-year return on $48,489 initial cash invested.
4.45%
Cash On Cash
8.06%
Cap Rate
1.23
DSCR
$2,211
Rent
$180
Cashflow
Cash Flow
$2,211 income − $2,031 expenses = $180 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,489
Downpayment
20%
$46,180
Closing costs
1%
$2,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$2,031
Mortgage P&I
57%
$1,259
Property Taxes
5%
$116
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0