This property might be a fair Long-Term investment with a projected 3.31% first-year return on $50,820 initial cash invested.
3.31%
Cash On Cash
7.86%
Cap Rate
1.19
DSCR
$2,223
Rent
$140
Cashflow
Cash Flow
$2,223 income − $2,083 expenses = $140 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,820
Downpayment
20%
$48,400
Closing costs
1%
$2,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$2,083
Mortgage P&I
60%
$1,334
Property Taxes
4%
$87
Home Insurance
4%
$85
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0