This property might be a fair Long-Term investment with a projected 0.62% first-year return on $59,850 initial cash invested.
0.62%
Cash On Cash
6.69%
Cap Rate
1.1
DSCR
$2,356
Rent
$31
Cashflow
Cash Flow
$2,356 income − $2,325 expenses = $31 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$2,325
Mortgage P&I
61%
$1,441
Property Taxes
7%
$171
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0