This property might be a fair Long-Term investment with a projected 0.57% first-year return on $60,774 initial cash invested.
0.57%
Cash On Cash
6.8%
Cap Rate
1.1
DSCR
$2,375
Rent
$29
Cashflow
Cash Flow
$2,375 income − $2,346 expenses = $29 cash flow
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$2,346
Mortgage P&I
63%
$1,491
Property Taxes
6%
$136
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0