This property might be a fair Long-Term investment with a projected 7.76% first-year return on $46,242 initial cash invested.
7.76%
Cash On Cash
8.78%
Cap Rate
1.35
DSCR
$2,449
Rent
$299
Cashflow
Cash Flow
$2,449 income − $2,150 expenses = $299 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,242
Downpayment
20%
$44,040
Closing costs
1%
$2,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$2,150
Mortgage P&I
49%
$1,190
Property Taxes
11%
$261
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0