This property might be a fair Long-Term investment with a projected 1.96% first-year return on $51,492 initial cash invested.
1.96%
Cash On Cash
7.37%
Cap Rate
1.15
DSCR
$2,341
Rent
$84
Cashflow
Cash Flow
$2,341 income − $2,257 expenses = $84 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$2,257
Mortgage P&I
56%
$1,304
Property Taxes
11%
$263
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0