This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $61,719 initial cash invested.
-14.37%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$1,495
Rent
-$739
Cashflow
Cash Flow
$1,495 income − $2,234 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$2,234
Mortgage P&I
100%
$1,489
Property Taxes
17%
$261
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0