This property looks like a bad Long-Term investment with a projected -5.66% first-year return on $61,488 initial cash invested.
-5.66%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$2,234
Rent
-$290
Cashflow
Cash Flow
$2,234 income − $2,524 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,488
Downpayment
20%
$58,560
Closing costs
1%
$2,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$2,524
Mortgage P&I
73%
$1,620
Property Taxes
10%
$218
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0