This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $61,362 initial cash invested.
-14.24%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$1,895
Rent
-$728
Cashflow
Cash Flow
$1,895 income − $2,623 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,895
Total Expenses
$2,623
Mortgage P&I
79%
$1,497
Property Taxes
28%
$525
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0