This property looks like a bad Long-Term investment with a projected -6.31% first-year return on $61,761 initial cash invested.
-6.31%
Cash On Cash
5.24%
Cap Rate
0.86
DSCR
$2,257
Rent
-$325
Cashflow
Cash Flow
$2,257 income − $2,582 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,257
Total Expenses
$2,582
Mortgage P&I
66%
$1,497
Property Taxes
17%
$393
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0