This property might be a fair Long-Term investment with a projected 6.63% first-year return on $46,158 initial cash invested.
6.63%
Cash On Cash
8.75%
Cap Rate
1.31
DSCR
$2,449
Rent
$255
Cashflow
Cash Flow
$2,449 income − $2,194 expenses = $255 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$2,194
Mortgage P&I
50%
$1,225
Property Taxes
10%
$254
Home Insurance
3%
$79
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0