This property looks like a bad Long-Term investment with a projected -1.55% first-year return on $61,236 initial cash invested.
-1.55%
Cash On Cash
6.36%
Cap Rate
1.02
DSCR
$2,178
Rent
-$79
Cashflow
Cash Flow
$2,178 income − $2,257 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,236
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,178
Total Expenses
$2,257
Mortgage P&I
70%
$1,515
Property Taxes
3%
$70
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0