This property looks like a bad Long-Term investment with a projected -3.4% first-year return on $61,719 initial cash invested.
-3.4%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$2,715
Rent
-$175
Cashflow
Cash Flow
$2,715 income − $2,890 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,715
Total Expenses
$2,890
Mortgage P&I
60%
$1,633
Property Taxes
16%
$445
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0