This property might be a fair Long-Term investment with a projected 2.24% first-year return on $73,500 initial cash invested.
2.24%
Cash On Cash
7.48%
Cap Rate
1.16
DSCR
$3,144
Rent
$137
Cashflow
Cash Flow
$3,144 income − $3,007 expenses = $137 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$3,007
Mortgage P&I
60%
$1,888
Property Taxes
6%
$180
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0