This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $61,026 initial cash invested.
-7.69%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$1,992
Rent
-$391
Cashflow
Cash Flow
$1,992 income − $2,383 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,026
Downpayment
20%
$58,120
Closing costs
1%
$2,906
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,992
Total Expenses
$2,383
Mortgage P&I
80%
$1,592
Property Taxes
8%
$168
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0