This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $61,278 initial cash invested.
-5.42%
Cash On Cash
5.43%
Cap Rate
0.88
DSCR
$1,924
Rent
-$277
Cashflow
Cash Flow
$1,924 income − $2,201 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,924
Total Expenses
$2,201
Mortgage P&I
78%
$1,501
Property Taxes
5%
$96
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0