This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $61,782 initial cash invested.
-10.61%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$2,024
Rent
-$546
Cashflow
Cash Flow
$2,024 income − $2,570 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,024
Total Expenses
$2,570
Mortgage P&I
75%
$1,515
Property Taxes
18%
$358
Home Insurance
5%
$105
HOA
3%
$67
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0