This property might be a fair Long-Term investment with a projected 3.96% first-year return on $51,240 initial cash invested.
3.96%
Cash On Cash
8.09%
Cap Rate
1.21
DSCR
$2,366
Rent
$169
Cashflow
Cash Flow
$2,366 income − $2,197 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,366
Total Expenses
$2,197
Mortgage P&I
57%
$1,357
Property Taxes
6%
$140
Home Insurance
4%
$85
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0