This property might be a fair Long-Term investment with a projected 5.81% first-year return on $37,590 initial cash invested.
5.81%
Cash On Cash
8.22%
Cap Rate
1.32
DSCR
$2,297
Rent
$182
Cashflow
Cash Flow
$2,297 income − $2,115 expenses = $182 cash flow
Investment Breakdown
|
Purchase Price
$179k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,590
Downpayment
20%
$35,800
Closing costs
1%
$1,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,297
Total Expenses
$2,115
Mortgage P&I
40%
$929
Property Taxes
23%
$525
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0