This property might be a fair Long-Term investment with a projected 5.6% first-year return on $70,896 initial cash invested.
5.6%
Cash On Cash
8.29%
Cap Rate
1.27
DSCR
$3,274
Rent
$331
Cashflow
Cash Flow
$3,274 income − $2,943 expenses = $331 cash flow
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,896
Downpayment
20%
$67,520
Closing costs
1%
$3,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,274
Total Expenses
$2,943
Mortgage P&I
56%
$1,837
Property Taxes
4%
$127
Home Insurance
4%
$128
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0