This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $61,593 initial cash invested.
-8.67%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$1,867
Rent
-$445
Cashflow
Cash Flow
$1,867 income − $2,312 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$2,312
Mortgage P&I
84%
$1,563
Property Taxes
9%
$161
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0