This property might be a fair Long-Term investment with a projected 2% first-year return on $46,095 initial cash invested.
2%
Cash On Cash
7.59%
Cap Rate
1.17
DSCR
$2,473
Rent
$77
Cashflow
Cash Flow
$2,473 income − $2,396 expenses = $77 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,473
Total Expenses
$2,396
Mortgage P&I
48%
$1,187
Property Taxes
20%
$489
Home Insurance
3%
$77
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0