This property might be a fair Long-Term investment with a projected 3.57% first-year return on $61,488 initial cash invested.
3.57%
Cash On Cash
7.56%
Cap Rate
1.21
DSCR
$2,849
Rent
$183
Cashflow
Cash Flow
$2,849 income − $2,666 expenses = $183 cash flow
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,488
Downpayment
20%
$58,560
Closing costs
1%
$2,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,849
Total Expenses
$2,666
Mortgage P&I
53%
$1,519
Property Taxes
12%
$337
Home Insurance
2%
$70
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0