This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $61,761 initial cash invested.
-6.66%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$2,069
Rent
-$343
Cashflow
Cash Flow
$2,069 income − $2,412 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,761
Downpayment
20%
$58,820
Closing costs
1%
$2,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,069
Total Expenses
$2,412
Mortgage P&I
77%
$1,600
Property Taxes
8%
$170
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0