This property might be a fair Long-Term investment with a projected 5.69% first-year return on $48,090 initial cash invested.
5.69%
Cash On Cash
8.47%
Cap Rate
1.28
DSCR
$2,424
Rent
$228
Cashflow
Cash Flow
$2,424 income − $2,196 expenses = $228 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,424
Total Expenses
$2,196
Mortgage P&I
52%
$1,267
Property Taxes
9%
$212
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0