This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $61,761 initial cash invested.
-8.9%
Cash On Cash
4.57%
Cap Rate
0.75
DSCR
$1,810
Rent
-$458
Cashflow
Cash Flow
$1,810 income − $2,268 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,761
Downpayment
20%
$58,820
Closing costs
1%
$2,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,268
Mortgage P&I
82%
$1,487
Property Taxes
11%
$199
Home Insurance
6%
$104
HOA
0%
$8
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0