This property might be a fair Long-Term investment with a projected 5.94% first-year return on $24,465 initial cash invested.
5.94%
Cash On Cash
8.53%
Cap Rate
1.28
DSCR
$1,172
Rent
$121
Cashflow
Cash Flow
$1,172 income − $1,051 expenses = $121 cash flow
Investment Breakdown
|
Purchase Price
$117k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,465
Downpayment
20%
$23,300
Closing costs
1%
$1,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,172
Total Expenses
$1,051
Mortgage P&I
55%
$648
Property Taxes
5%
$58
Home Insurance
3%
$40
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$59
Vacancy
6%
$70
Maintenance
5%
$59
Other
0%
$0