This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $61,047 initial cash invested.
-11.32%
Cash On Cash
4.31%
Cap Rate
0.68
DSCR
$1,768
Rent
-$576
Cashflow
Cash Flow
$1,768 income − $2,344 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,768
Total Expenses
$2,344
Mortgage P&I
87%
$1,533
Property Taxes
15%
$268
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0