This property might be a fair Long-Term investment with a projected 8.42% first-year return on $53,151 initial cash invested.
8.42%
Cash On Cash
8.82%
Cap Rate
1.38
DSCR
$2,792
Rent
$373
Cashflow
Cash Flow
$2,792 income − $2,419 expenses = $373 cash flow
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,151
Downpayment
20%
$50,620
Closing costs
1%
$2,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,792
Total Expenses
$2,419
Mortgage P&I
48%
$1,347
Property Taxes
9%
$254
Home Insurance
3%
$91
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0