This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $61,089 initial cash invested.
-16.17%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$1,585
Rent
-$823
Cashflow
Cash Flow
$1,585 income − $2,408 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,585
Total Expenses
$2,408
Mortgage P&I
102%
$1,610
Property Taxes
18%
$282
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0