This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $61,530 initial cash invested.
-8.15%
Cash On Cash
5.55%
Cap Rate
0.81
DSCR
$2,033
Rent
-$418
Cashflow
Cash Flow
$2,033 income − $2,451 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$2,451
Mortgage P&I
82%
$1,671
Property Taxes
7%
$148
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0