This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $61,635 initial cash invested.
-7.9%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$1,867
Rent
-$406
Cashflow
Cash Flow
$1,867 income − $2,273 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,635
Downpayment
20%
$58,700
Closing costs
1%
$2,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$2,273
Mortgage P&I
83%
$1,556
Property Taxes
7%
$127
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0