This property looks like a bad Long-Term investment with a projected -4.68% first-year return on $61,593 initial cash invested.
-4.68%
Cash On Cash
5.61%
Cap Rate
0.92
DSCR
$2,481
Rent
-$240
Cashflow
Cash Flow
$2,481 income − $2,721 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,481
Total Expenses
$2,721
Mortgage P&I
60%
$1,486
Property Taxes
17%
$421
Home Insurance
6%
$152
HOA
1%
$17
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0