This property might be a fair Long-Term investment with a projected 3.37% first-year return on $51,576 initial cash invested.
3.37%
Cash On Cash
7.89%
Cap Rate
1.19
DSCR
$2,259
Rent
$145
Cashflow
Cash Flow
$2,259 income − $2,114 expenses = $145 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,259
Total Expenses
$2,114
Mortgage P&I
60%
$1,357
Property Taxes
4%
$81
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0