This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $61,068 initial cash invested.
-14.29%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$1,698
Rent
-$727
Cashflow
Cash Flow
$1,698 income − $2,425 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,068
Downpayment
20%
$58,160
Closing costs
1%
$2,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,698
Total Expenses
$2,425
Mortgage P&I
93%
$1,580
Property Taxes
18%
$298
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0