This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $61,089 initial cash invested.
-14.83%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$1,460
Rent
-$755
Cashflow
Cash Flow
$1,460 income − $2,215 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,460
Total Expenses
$2,215
Mortgage P&I
101%
$1,474
Property Taxes
18%
$256
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0