This property might be a fair Long-Term investment with a projected 1.21% first-year return on $54,600 initial cash invested.
1.21%
Cash On Cash
7.29%
Cap Rate
1.12
DSCR
$2,303
Rent
$55
Cashflow
Cash Flow
$2,303 income − $2,248 expenses = $55 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$2,248
Mortgage P&I
61%
$1,410
Property Taxes
6%
$149
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0