This property might be a fair Long-Term investment with a projected 9.77% first-year return on $62,790 initial cash invested.
9.77%
Cash On Cash
9.46%
Cap Rate
1.42
DSCR
$3,702
Rent
$511
Cashflow
Cash Flow
$3,702 income − $3,191 expenses = $511 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,702
Total Expenses
$3,191
Mortgage P&I
45%
$1,661
Property Taxes
12%
$432
Home Insurance
4%
$136
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0