This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $61,509 initial cash invested.
-7.49%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$2,320
Rent
-$384
Cashflow
Cash Flow
$2,320 income − $2,704 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,509
Downpayment
20%
$58,580
Closing costs
1%
$2,929
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$2,704
Mortgage P&I
65%
$1,497
Property Taxes
22%
$499
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0