This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $61,278 initial cash invested.
-8.58%
Cash On Cash
4.63%
Cap Rate
0.76
DSCR
$1,723
Rent
-$438
Cashflow
Cash Flow
$1,723 income − $2,161 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,723
Total Expenses
$2,161
Mortgage P&I
86%
$1,477
Property Taxes
8%
$132
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0