This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $61,173 initial cash invested.
-15.69%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,809
Rent
-$800
Cashflow
Cash Flow
$1,809 income − $2,609 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$2,609
Mortgage P&I
88%
$1,585
Property Taxes
25%
$451
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0