This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $61,047 initial cash invested.
-10.61%
Cash On Cash
4.93%
Cap Rate
0.73
DSCR
$1,856
Rent
-$540
Cashflow
Cash Flow
$1,856 income − $2,396 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,396
Mortgage P&I
88%
$1,641
Property Taxes
9%
$168
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0