This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $61,740 initial cash invested.
-8.73%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$2,151
Rent
-$449
Cashflow
Cash Flow
$2,151 income − $2,600 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,740
Downpayment
20%
$58,800
Closing costs
1%
$2,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,151
Total Expenses
$2,600
Mortgage P&I
75%
$1,621
Property Taxes
15%
$314
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0