This property might be a fair Long-Term investment with a projected 6.71% first-year return on $48,300 initial cash invested.
6.71%
Cash On Cash
8.77%
Cap Rate
1.3
DSCR
$2,427
Rent
$270
Cashflow
Cash Flow
$2,427 income − $2,157 expenses = $270 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$2,157
Mortgage P&I
53%
$1,290
Property Taxes
6%
$156
Home Insurance
3%
$80
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0