This property might be a fair Long-Term investment with a projected 0.04% first-year return on $59,850 initial cash invested.
0.04%
Cash On Cash
6.7%
Cap Rate
1.08
DSCR
$2,300
Rent
$2
Cashflow
Cash Flow
$2,300 income − $2,298 expenses = $2 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,300
Total Expenses
$2,298
Mortgage P&I
64%
$1,474
Property Taxes
5%
$126
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0