This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $61,614 initial cash invested.
-4.44%
Cash On Cash
5.82%
Cap Rate
0.92
DSCR
$2,083
Rent
-$228
Cashflow
Cash Flow
$2,083 income − $2,311 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,614
Downpayment
20%
$58,680
Closing costs
1%
$2,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,083
Total Expenses
$2,311
Mortgage P&I
74%
$1,547
Property Taxes
6%
$118
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0