This property might be a fair Long-Term investment with a projected 6.05% first-year return on $58,359 initial cash invested.
6.05%
Cash On Cash
8.14%
Cap Rate
1.3
DSCR
$2,808
Rent
$294
Cashflow
Cash Flow
$2,808 income − $2,514 expenses = $294 cash flow
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,359
Downpayment
20%
$55,580
Closing costs
1%
$2,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,808
Total Expenses
$2,514
Mortgage P&I
52%
$1,452
Property Taxes
1%
$18
Home Insurance
11%
$315
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0