This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $61,341 initial cash invested.
-8.51%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$2,021
Rent
-$435
Cashflow
Cash Flow
$2,021 income − $2,456 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,341
Downpayment
20%
$58,420
Closing costs
1%
$2,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,456
Mortgage P&I
78%
$1,586
Property Taxes
12%
$242
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0