This property might be a fair Long-Term investment with a projected 0.64% first-year return on $54,579 initial cash invested.
0.64%
Cash On Cash
6.85%
Cap Rate
1.12
DSCR
$2,624
Rent
$29
Cashflow
Cash Flow
$2,624 income − $2,595 expenses = $29 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$2,595
Mortgage P&I
50%
$1,323
Property Taxes
19%
$500
Home Insurance
3%
$91
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0