This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $61,089 initial cash invested.
-11.12%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$1,762
Rent
-$566
Cashflow
Cash Flow
$1,762 income − $2,328 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$2,328
Mortgage P&I
91%
$1,612
Property Taxes
9%
$153
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0