This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $61,194 initial cash invested.
-9.08%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$1,952
Rent
-$463
Cashflow
Cash Flow
$1,952 income − $2,415 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,194
Downpayment
20%
$58,280
Closing costs
1%
$2,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$2,415
Mortgage P&I
83%
$1,629
Property Taxes
8%
$162
Home Insurance
5%
$103
HOA
1%
$13
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0