This property might be a fair Long-Term investment with a projected 2.34% first-year return on $62,979 initial cash invested.
2.34%
Cash On Cash
7.34%
Cap Rate
1.2
DSCR
$3,606
Rent
$123
Cashflow
Cash Flow
$3,606 income − $3,483 expenses = $123 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,606
Total Expenses
$3,483
Mortgage P&I
42%
$1,531
Property Taxes
25%
$910
Home Insurance
3%
$105
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0