This property looks like a bad Long-Term investment with a projected -4.43% first-year return on $61,005 initial cash invested.
-4.43%
Cash On Cash
6.04%
Cap Rate
0.94
DSCR
$2,605
Rent
-$225
Cashflow
Cash Flow
$2,605 income − $2,830 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$2,830
Mortgage P&I
60%
$1,556
Property Taxes
20%
$521
Home Insurance
3%
$77
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0