This property looks like a bad Long-Term investment with a projected -17.16% first-year return on $61,682 initial cash invested.
-17.16%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$1,314
Rent
-$882
Cashflow
Cash Flow
$1,314 income − $2,196 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,682
Downpayment
20%
$58,745
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,314
Total Expenses
$2,196
Mortgage P&I
122%
$1,606
Property Taxes
11%
$145
Home Insurance
8%
$103
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0