This property might be a fair Long-Term investment with a projected 6.49% first-year return on $42,000 initial cash invested.
6.49%
Cash On Cash
8.7%
Cap Rate
1.32
DSCR
$2,444
Rent
$227
Cashflow
Cash Flow
$2,444 income − $2,217 expenses = $227 cash flow
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,444
Total Expenses
$2,217
Mortgage P&I
45%
$1,101
Property Taxes
17%
$411
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0