This property might be a fair Long-Term investment with a projected 2.64% first-year return on $58,590 initial cash invested.
2.64%
Cash On Cash
7.82%
Cap Rate
1.18
DSCR
$3,053
Rent
$129
Cashflow
Cash Flow
$3,053 income − $2,924 expenses = $129 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,053
Total Expenses
$2,924
Mortgage P&I
50%
$1,536
Property Taxes
16%
$496
Home Insurance
3%
$98
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0