This property might be a fair Long-Term investment with a projected 5.82% first-year return on $62,496 initial cash invested.
5.82%
Cash On Cash
8.37%
Cap Rate
1.29
DSCR
$3,193
Rent
$303
Cashflow
Cash Flow
$3,193 income − $2,890 expenses = $303 cash flow
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,193
Total Expenses
$2,890
Mortgage P&I
50%
$1,612
Property Taxes
11%
$339
Home Insurance
3%
$108
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0