This property might be a fair Long-Term investment with a projected 1.99% first-year return on $48,153 initial cash invested.
1.99%
Cash On Cash
7.66%
Cap Rate
1.15
DSCR
$2,230
Rent
$80
Cashflow
Cash Flow
$2,230 income − $2,150 expenses = $80 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,153
Downpayment
20%
$45,860
Closing costs
1%
$2,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$2,150
Mortgage P&I
57%
$1,271
Property Taxes
10%
$216
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0