This property might be a fair Long-Term investment with a projected 7.7% first-year return on $38,325 initial cash invested.
7.7%
Cash On Cash
8.84%
Cap Rate
1.35
DSCR
$1,999
Rent
$246
Cashflow
Cash Flow
$1,999 income − $1,753 expenses = $246 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,325
Downpayment
20%
$36,500
Closing costs
1%
$1,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$1,753
Mortgage P&I
50%
$998
Property Taxes
9%
$170
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0