This property might be a fair Long-Term investment with a projected 7.14% first-year return on $47,880 initial cash invested.
7.14%
Cash On Cash
8.55%
Cap Rate
1.32
DSCR
$2,204
Rent
$285
Cashflow
Cash Flow
$2,204 income − $1,919 expenses = $285 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,204
Total Expenses
$1,919
Mortgage P&I
56%
$1,229
Property Taxes
1%
$30
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0