This property might be a fair Long-Term investment with a projected 8.76% first-year return on $98,679 initial cash invested.
8.76%
Cash On Cash
9%
Cap Rate
1.38
DSCR
$5,127
Rent
$720
Cashflow
Cash Flow
$5,127 income − $4,407 expenses = $720 cash flow
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,127
Total Expenses
$4,407
Mortgage P&I
50%
$2,550
Property Taxes
7%
$360
Home Insurance
3%
$164
HOA
0%
$0
Property Management
10%
$513
CapEx
5%
$256
Vacancy
6%
$308
Maintenance
5%
$256
Other
0%
$0