This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $61,173 initial cash invested.
-14.26%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$1,961
Rent
-$727
Cashflow
Cash Flow
$1,961 income − $2,688 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,688
Mortgage P&I
81%
$1,587
Property Taxes
26%
$506
Home Insurance
4%
$85
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0