This property might be a fair Long-Term investment with a projected 8.08% first-year return on $29,988 initial cash invested.
8.08%
Cash On Cash
8.83%
Cap Rate
1.38
DSCR
$1,711
Rent
$202
Cashflow
Cash Flow
$1,711 income − $1,509 expenses = $202 cash flow
Investment Breakdown
|
Purchase Price
$143k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,988
Downpayment
20%
$28,560
Closing costs
1%
$1,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,711
Total Expenses
$1,509
Mortgage P&I
45%
$763
Property Taxes
14%
$244
Home Insurance
3%
$56
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0