This property might be a fair Long-Term investment with a projected 3.1% first-year return on $58,779 initial cash invested.
3.1%
Cash On Cash
7.7%
Cap Rate
1.19
DSCR
$2,726
Rent
$152
Cashflow
Cash Flow
$2,726 income − $2,574 expenses = $152 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,726
Total Expenses
$2,574
Mortgage P&I
55%
$1,509
Property Taxes
9%
$258
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0