This property might be a fair Long-Term investment with a projected 2.38% first-year return on $47,943 initial cash invested.
2.38%
Cash On Cash
7.52%
Cap Rate
1.17
DSCR
$2,191
Rent
$95
Cashflow
Cash Flow
$2,191 income − $2,096 expenses = $95 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,191
Total Expenses
$2,096
Mortgage P&I
56%
$1,225
Property Taxes
10%
$217
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0