This property might be a fair Long-Term investment with a projected 8.4% first-year return on $30,303 initial cash invested.
8.4%
Cash On Cash
9.17%
Cap Rate
1.36
DSCR
$1,622
Rent
$212
Cashflow
Cash Flow
$1,622 income − $1,410 expenses = $212 cash flow
Investment Breakdown
|
Purchase Price
$144k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,303
Downpayment
20%
$28,860
Closing costs
1%
$1,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,622
Total Expenses
$1,410
Mortgage P&I
50%
$810
Property Taxes
8%
$127
Home Insurance
3%
$52
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0