This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $61,404 initial cash invested.
-7.04%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$1,993
Rent
-$360
Cashflow
Cash Flow
$1,993 income − $2,353 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$2,353
Mortgage P&I
81%
$1,623
Property Taxes
6%
$117
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0