This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $61,236 initial cash invested.
-12.46%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$1,809
Rent
-$636
Cashflow
Cash Flow
$1,809 income − $2,445 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,236
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$2,445
Mortgage P&I
89%
$1,615
Property Taxes
12%
$224
Home Insurance
6%
$117
HOA
1%
$19
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0