This property might be a fair Long-Term investment with a projected 3.3% first-year return on $62,223 initial cash invested.
3.3%
Cash On Cash
7.33%
Cap Rate
1.2
DSCR
$2,729
Rent
$171
Cashflow
Cash Flow
$2,729 income − $2,558 expenses = $171 cash flow
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,223
Downpayment
20%
$59,260
Closing costs
1%
$2,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,729
Total Expenses
$2,558
Mortgage P&I
55%
$1,504
Property Taxes
9%
$240
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0