This property might be a fair Long-Term investment with a projected 0.9% first-year return on $29,400 initial cash invested.
0.9%
Cash On Cash
7.18%
Cap Rate
1.11
DSCR
$1,202
Rent
$22
Cashflow
Cash Flow
$1,202 income − $1,180 expenses = $22 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,202
Total Expenses
$1,180
Mortgage P&I
63%
$756
Property Taxes
5%
$63
Home Insurance
4%
$49
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0