This property might be a fair Long-Term investment with a projected 3.75% first-year return on $67,494 initial cash invested.
3.75%
Cash On Cash
7.49%
Cap Rate
1.21
DSCR
$2,820
Rent
$211
Cashflow
Cash Flow
$2,820 income − $2,609 expenses = $211 cash flow
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,820
Total Expenses
$2,609
Mortgage P&I
59%
$1,655
Property Taxes
4%
$107
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0