This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $61,803 initial cash invested.
-7.77%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,116
Rent
-$400
Cashflow
Cash Flow
$2,116 income − $2,516 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,803
Downpayment
20%
$58,860
Closing costs
1%
$2,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,116
Total Expenses
$2,516
Mortgage P&I
76%
$1,603
Property Taxes
11%
$242
Home Insurance
6%
$120
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0