This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $61,698 initial cash invested.
-6.69%
Cash On Cash
5.63%
Cap Rate
0.85
DSCR
$2,197
Rent
-$344
Cashflow
Cash Flow
$2,197 income − $2,541 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,698
Downpayment
20%
$58,760
Closing costs
1%
$2,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,197
Total Expenses
$2,541
Mortgage P&I
73%
$1,613
Property Taxes
11%
$240
Home Insurance
5%
$103
HOA
1%
$13
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0