This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $61,572 initial cash invested.
-9.63%
Cash On Cash
5.14%
Cap Rate
0.77
DSCR
$2,212
Rent
-$494
Cashflow
Cash Flow
$2,212 income − $2,706 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,572
Downpayment
20%
$58,640
Closing costs
1%
$2,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$2,706
Mortgage P&I
74%
$1,638
Property Taxes
18%
$389
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0