This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $61,005 initial cash invested.
-8.24%
Cash On Cash
5.48%
Cap Rate
0.81
DSCR
$2,311
Rent
-$419
Cashflow
Cash Flow
$2,311 income − $2,730 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$2,730
Mortgage P&I
70%
$1,629
Property Taxes
17%
$394
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0