This property might be a fair Long-Term investment with a projected 8.04% first-year return on $61,488 initial cash invested.
8.04%
Cash On Cash
9.06%
Cap Rate
1.36
DSCR
$3,510
Rent
$412
Cashflow
Cash Flow
$3,510 income − $3,098 expenses = $412 cash flow
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,488
Downpayment
20%
$58,560
Closing costs
1%
$2,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,510
Total Expenses
$3,098
Mortgage P&I
46%
$1,623
Property Taxes
10%
$366
Home Insurance
3%
$105
HOA
3%
$90
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0