This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $61,782 initial cash invested.
-8.88%
Cash On Cash
5.36%
Cap Rate
0.8
DSCR
$2,358
Rent
-$457
Cashflow
Cash Flow
$2,358 income − $2,815 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,358
Total Expenses
$2,815
Mortgage P&I
70%
$1,654
Property Taxes
17%
$401
Home Insurance
4%
$105
HOA
2%
$42
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0