This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $61,782 initial cash invested.
-8.9%
Cash On Cash
4.71%
Cap Rate
0.75
DSCR
$1,656
Rent
-$458
Cashflow
Cash Flow
$1,656 income − $2,114 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,656
Total Expenses
$2,114
Mortgage P&I
92%
$1,529
Property Taxes
3%
$49
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0