This property looks like a bad Long-Term investment with a projected -5.58% first-year return on $61,488 initial cash invested.
-5.58%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$2,507
Rent
-$286
Cashflow
Cash Flow
$2,507 income − $2,793 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,488
Downpayment
20%
$58,560
Closing costs
1%
$2,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,507
Total Expenses
$2,793
Mortgage P&I
63%
$1,581
Property Taxes
18%
$444
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0